TSE:8830Real Estate
Sumitomo Realty & Development (TSE:8830): Valuation Check After Mumbai Rental Pivot and 2-for-1 Stock Split
Sumitomo Realty & Development (TSE:8830) just doubled down on its India pivot by pairing a 2 for 1 stock split with a long term push into Mumbai rentals, especially high end projects in Bandra Kurla Complex.
See our latest analysis for Sumitomo Realty & Development.
Those shifts are landing against powerful momentum, with a roughly 63 percent year to date share price return and a 70 percent one year total shareholder return suggesting investors are steadily warming to Sumitomo’s second growth...