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Advance Residence Investment Corporation is the largest J-REIT specializing in residential properties and is managed by ITOCHU REIT Management Co., Ltd. (IRM), the asset management company of the ITOCHU Group, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 470 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs.
Metrics to compare | 3269 | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship Relationship3269PeersSector | |
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P/E Ratio | 26.5x | 20.1x | 7.7x | |
PEG Ratio | −5.66 | 0.92 | 0.01 | |
Price/Book | - | 1.1x | 0.9x | |
Price / LTM Sales | 11.1x | 8.3x | 3.8x | |
Upside (Analyst Target) | 22.4% | 18.9% | 22.0% | |
Fair Value Upside | Unlock | 2.9% | 1.9% | Unlock |