|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.34 - 18.55|
|52 Week Range||14.91 - 20.06|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||20.04|
|Forward Dividend & Yield||0.32 (1.71%)|
|1y Target Est||23.42|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Japan Real Estate Investment Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Japan K.K. has affirmed Mitsubishi Estate Co., Ltd.'s (MEC) A2 senior unsecured rating, (P)A2 domestic senior unsecured shelf registration rating, Baa1 subordinate rating, and P-1 short-term commercial paper rating. "Mitsubishi Estate's A2 ratings reflect its leading position in the Japanese real estate industry, supported by prime leasing assets that generate stable cash flow," says Akifumi Fukushi, a Moody's Vice President and Senior Analyst. Moody's expects that MEC's earnings will remain stable over the next few years based on solid demand in the company's core office buildings segment.
Moody's Japan K.K. has affirmed the issuer and senior unsecured ratings of Japan Real Estate Investment Corporation (JRE) at A1. JRE's credit metrics have been improving for the past few years, but its most recent results suggest peak-of-the cycle conditions. Moody's believes, however, JRE is weakly positioned relative to global peers in terms of cash flow leverage, which is high for its rating.