|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||73.17 - 73.17|
|52 Week Range||46.50 - 74.70|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||20.01|
|Forward Dividend & Yield||1.24 (1.66%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||N/A|
Rating Action: Moody's assigns (P)A2 rating to Mitsui Fudosan's shelf registrationGlobal Credit Research - 13 Apr 2021Total shelf registration amount is JPY 400 billionTokyo, April 13, 2021 -- Moody's Japan K.K. has assigned a (P)A2 rating to the domestic senior unsecured shelf registration of Mitsui Fudosan Co., Ltd. (Mitsui Fudosan). The rating outlook is negative.The specific shelf registration rated is:- JPY 400 billion, effective April 13, 2021RATINGS RATIONALEMitsui Fudosan's A2 rating reflects the company's strong market position as Japan's largest integrated real estate company with a diversified portfolio of high quality properties.
Moody's Japan K.K. has affirmed Mitsui Fudosan Co., Ltd.'s A2 issuer rating, A2 senior unsecured rating and (P)A2 senior unsecured shelf registration. "The change in outlook to negative reflects Mitsui Fudosan's rising leverage due to its debt-funded large-scale development projects, and the uncertainty over its ability to sustainably reverse the rising trend in financial leverage," says Ryohei Nishio, a Moody's Analyst. "At the same time, the affirmation of Mitsui Fudosan's A2 rating reflects its solid market position as Japan's largest integrated real estate company with a diversified portfolio of prime properties, as well as the financial flexibility it enjoys from its cash holdings, committed credit facilities and largely unencumbered asset base," adds Nishio.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Mitsui Fudosan Co., Ltd. Tokyo, August 18, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mitsui Fudosan Co., Ltd. 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.