XJPX2972
Market cap226mUSD
Jan 21, Last price
75,600.00JPY
1D
0.00%
1Q
-5.97%
IPO
-25.44%
Name
Sankei Real Estate Inc
Chart & Performance
Profile
SASANKEI REAL ESTATE Inc. listed on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market (J-REIT market) on March 12, 2019 (TSE code: 2972; abbreviation: SANKEI REAL ESTATE). SANKEI REAL ESTATE invests mainly in major metropolitan areas (Greater Tokyo, Osaka City, and Nagoya City) by setting office buildings, the asset type representative of Japan's real estate (securitization) market, as the primary investment target, while setting sub assets as the secondary investment target in which a fixed percentage of investments are made. Sub assets are asset types that possess characteristics different from office buildings and which contribute to building a strong portfolio that features both revenue stability and growth capable of withstanding the cyclical real estate market. Based on the investment policy, in terms of external growth, SANKEI REAL ESTATE aims to expand the scale of its assets by establishing an asset recycling business model with the sponsor group (the Sankei Building Group), which undertakes the Urban Development, Hotels & Resorts operations of media conglomerate Fuji Media Holdings, and thereby secure a pipeline of office buildings and sub assets developed and/or owned by the sponsor. In terms of internal growth, SANKEI REAL ESTATE aims to maintain and improve earnings of assets under management over the medium to long term by making maximum use of the sponsor group's platform, which covers development, operation, management and various other functions. As its basic philosophy, SANKEI REAL ESTATE aims to maximize unitholder value over the medium to long term by growing with the J-REIT market as a public entity of society that makes each and every person happy under the philosophy of Making people, cities & society happy through sponsorship support.
Valuation
Title JPY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
---|---|---|---|---|---|
2023‑08 | 2022‑08 | 2021‑08 | 2020‑08 | 2019‑08 | |
Income | |||||
Revenues | 5,643,271 -2.81% | 5,806,165 34.28% | |||
Cost of revenue | 2,962,865 | 2,546,604 | |||
Unusual Expense (Income) | |||||
NOPBT | 2,680,406 | 3,259,561 | |||
NOPBT Margin | 47.50% | 56.14% | |||
Operating Taxes | 1,823 | 1,750 | |||
Tax Rate | 0.07% | 0.05% | |||
NOPAT | 2,678,583 | 3,257,811 | |||
Net income | 2,206,238 -23.04% | 2,866,557 41.17% | |||
Dividends | (2,551,322) | (2,410,776) | |||
Dividend yield | |||||
Proceeds from repurchase of equity | |||||
BB yield | |||||
Debt | |||||
Debt current | 16,000,000 | 9,600,000 | |||
Long-term debt | 41,000,000 | 40,600,000 | |||
Deferred revenue | |||||
Other long-term liabilities | 3,691,839 | 4,217,652 | |||
Net debt | 48,663,878 | 44,624,465 | |||
Cash flow | |||||
Cash from operating activities | 2,894,177 | 3,708,810 | |||
CAPEX | (7,153,100) | (25,859,184) | |||
Cash from investing activities | (7,684,024) | (24,948,658) | |||
Cash from financing activities | 4,248,677 | 22,861,346 | |||
FCF | (3,085,018) | (22,221,482) | |||
Balance | |||||
Cash | 5,687,000 | 5,575,535 | |||
Long term investments | 2,649,122 | ||||
Excess cash | 8,053,958 | 5,285,227 | |||
Stockholders' equity | 50,565,303 | 50,910,826 | |||
Invested Capital | 103,203,184 | 99,870,487 | |||
ROIC | 2.64% | 3.74% | |||
ROCE | 2.41% | 3.10% | |||
EV | |||||
Common stock shares outstanding | 467 | 467 | |||
Price | |||||
Market cap | |||||
EV | |||||
EBITDA | 3,299,551 | 3,878,261 | |||
EV/EBITDA | |||||
Interest | 253,976 | 189,195 | |||
Interest/NOPBT | 9.48% | 5.80% |