Previous Close | 1,685.00 |
Open | 1,700.00 |
Bid | 1,674.00 x 0 |
Ask | 1,675.00 x 0 |
Day's Range | 1,671.00 - 1,700.00 |
52 Week Range | 1,595.50 - 2,043.00 |
Volume | |
Avg. Volume | 4,629,518 |
Market Cap | 2.228T |
Beta (5Y Monthly) | 0.61 |
PE Ratio (TTM) | 14.91 |
EPS (TTM) | 112.33 |
Earnings Date | Feb 08, 2023 - Feb 13, 2023 |
Forward Dividend & Yield | 38.00 (2.04%) |
Ex-Dividend Date | Mar 30, 2023 |
1y Target Est | 2,370.00 |
In addition to its core office leasing business, which has a large footprint in Tokyo's prime central business district Marunouchi, MEC's range of real estate businesses provides stability in its cash flow. Its prime locations have had consistently lower vacancy rates than the market average in Japan.At the same time, the A2 rating considers the company's exposure to real estate development, which increases business risks and requires debt funding.
Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of REITs issuersGlobal Credit Research - 30 Mar 2022New York, March 30, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated entities listed below.The review was conducted through a portfolio review discussion held on 23 March 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.Key Rating ConsiderationsThe principal methodology used for these rated entities was REITs and Other Commercial Real Estate Firms Methodology published in July 2021.