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The Investment Corporation was established on July 2, 2004 as Japan's first region-focused real estate investment trust in accordance with the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951 , including subsequent amendments), leveraging the regionality (locality) that is a characteristic of the real estate industry, with the entire Kyushu region (including Okinawa Prefecture) with Fukuoka at its center, and Yamaguchi Prefecture (hereinafter referred to as the "Fukuoka-Kyushu Region") as its investment target area. On November 9, 2004, it acquired a total of four commercial facilities and office buildings and began substantial operations, and was listed on the Tokyo Stock Exchange, Inc. and the Fukuoka Stock Exchange, a securities membership corporation (stock code 8968), on June 21, 2005. As of the end of the fiscal period under review (as of February 28, 2025), we are managing a total of 35 properties, including 10 commercial facilities, 13 office buildings, and 12 other properties (including quasi-co-ownership interests in real estate trust beneficiary rights, as well as leasehold land for commercial facilities and office buildings).
Metrics to compare | 8968 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship8968PeersSector | |
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P/E Ratio | 22.3x | 19.6x | 9.1x | |
PEG Ratio | 2.47 | 2.08 | 0.01 | |
Price/Book | 1.4x | 1.2x | 0.9x | |
Price / LTM Sales | 8.4x | 9.3x | 3.9x | |
Upside (Analyst Target) | −2.6% | 0.9% | 12.6% | |
Fair Value Upside | Unlock | −14.4% | 0.4% | Unlock |