TSE:8955Office REITs
Japan Prime Realty Investment (TSE:8955) Stock Faces Earnings Drift And Valuation Scrutiny
Japan Prime Realty Investment stock has barely broken stride this month, with a roughly 2.3% gain over 90 days and a current price near ¥97,500, even as this half year points to a profit squeeze as the real story. Net income of ¥9,607.3 million on revenue of ¥20,760.3 million keeps margins high. However, the latest 46.4% net margin over the past year sits slightly below the prior year and now meets a rich P/E of 20.7x and a market price far above one DCF estimate.
Is Japan Prime Realty...