MIRAI Corporation (hereinafter “MIRAI”) is diversified REIT. Based on AITIC, MIRAI was founded on December 4, 2015 with a capital contribution of 150 million yen (750 units), by Mitsui Bussan & IDERA Partners Co., Ltd. (hereinafter the “Asset manager”) as the founding planner and was listed on the REIT section of the Tokyo Stock Exchange on December 16, 2016 (securities code: 3476). As of April 30, 2025, the numbers of investment units issued and outstanding are 1,907,440 units and MIRAI owns 44 properties (total acquisition price of 177,974 million yen). MIRAI positions assets located in the three major metropolitan areas of Japan with high population concentrations as its main investment targets and aims to obtain mid-to-long term stable cash flows and sustained growth in unitholders’ value by building a portfolio centered on its “Core Assets”.
Metrics to compare | 3476 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship3476PeersSector | |
---|---|---|---|---|
P/E Ratio | 18.4x | 20.1x | 8.9x | |
PEG Ratio | 2.20 | 1.67 | 0.01 | |
Price/Book | 1.0x | 1.2x | 0.9x | |
Price / LTM Sales | 7.5x | 8.9x | 4.0x | |
Upside (Analyst Target) | - | 1.5% | 11.5% | |
Fair Value Upside | Unlock | −15.9% | −0.1% | Unlock |