Advance Residence receives Investment Bank Analyst Rating Update
- Investing.com
Pro
Metrics to compare | 3269 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship3269PeersSector | |
|---|---|---|---|---|
P/E Ratio | 25.0x | 20.6x | 9.3x | |
PEG Ratio | 1.15 | 0.92 | 0.01 | |
Price/Book | 1.9x | 1.4x | 0.9x | |
Price / LTM Sales | 11.1x | 9.7x | 3.9x | |
Upside (Analyst Target) | 11.8% | 14.0% | 16.4% | |
Fair Value Upside | Unlock | −12.0% | 0.7% | Unlock |
Advance Residence Investment Corporation is one of the largest J-REITs specializing in residential properties, managed by ITOCHU REIT Management Co., Ltd. (IRM), the asset management company of the ITOCHU Group. It owns rental properties nationwide, primarily in the 23 wards of Tokyo. By leveraging the stability of residential assets and the largest reserve among J-REITs, ADR is expected to provide long-term, stable dividends, making it a highly defensive J-REIT. Advance Residence Investment Corporation was incorporated in 2010 in Japan.