TSE:1803Construction
Shimizu (TSE:1803) Expands Into US Multifamily, Is The Stock Still Cheap?
Kennedy Wilson’s partnership with Shimizu (TSE:1803) to develop the $139m Caldwell multifamily project in Sandy Springs, Georgia, brings the Japanese contractor into a US residential market with relatively tight new supply.
The Shimizu share price has seen a 2.76% 1 day share price return and a 3.13% 1 month share price return, yet the share price is down 10.04% year to date. At the same time, the 1 year total shareholder return of 24.36% and the very large 5 year total shareholder return...