MIRARTH Real Estate Investment Corporation
75,200.00
JPY
-300.00
(-0.40%)
MIRARTH Real Estate Investment Corporation
TSE:3492
(Tokyo Stock Exchange)
Recent
price
75,200.00
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Takara Leben Real Estate Investment Corporation is a Japan-based real estate investment trust (REIT) primarily engaged in investing in and managing a diversified portfolio of real estate assets including office buildings, residential properties, hotels, and commercial facilities. Its core products and services encompass ownership and leasing of real estate properties, real estate lease rights, superficies, and trust beneficiary rights, with major property holdings such as NT Building, Higashi Ikebukuro Central Place, Omiya NSD Building, Nagoya Center Plaza Building, Amare Tokaido, J City Hatchobori, Dormy Inn Matsuyama, and Hotel Sunshine Utsunomiya. The company focuses on properties mainly located in the four major economic zones of Japan, with additional investments in regional core cities. The asset management is carried out by Takara PAG Real Estate Advisory Ltd. The corporation was founded in 2017 and is headquartered in Japan. Recently, Takara Leben Real Estate Investment Corporation has made significant strategic moves including the acquisition of three hotels in Japan for approximately JPY 15.25 billion, expanding its portfolio from three hotels with 482 rooms to six hotels with 982 rooms. Notable acquisitions include the Hotel Livemax Shinjuku Kabukicho Meijidori and APA Hotel Kamataeki-Higashi in Tokyo, and Quintessa Hotel Sapporo in Hokkaido. In addition, the company executed a capital increase along with additional borrowings in March 2024 to acquire seven new properties valued at JPY 17.2 billion, aiming at portfolio diversification and increasing residential assets, including newly built rental housing developed by Takara Leben Co., Ltd., a sponsor under the MIRARTH Holdings group. This has resulted in raising the residential asset portfolio ratio to about 39% and reducing the average building age to roughly 17.7 years. The company also undertakes steady property acquisitions to strengthen its asset base and maintain stable earnings from mid- to long-term perspectives. Takara Leben Real Estate Investment Corporation targets diversified real estate sectors such as office spaces, residential housing including condominiums and rental apartments, hotel accommodation, and retail properties within Japan. It caters to institutional investors and other real estate market participants seeking stable returns and asset growth through diversified property holdings. The company is part of the MIRARTH Group, with sponsors including Takara Leben Co., Ltd., PAG Investment Management Limited, Kyoritsu Maintenance Co., Ltd., and Yamada Holdings Co., Ltd. It is publicly listed on the Tokyo Stock Exchange's Real Estate Investment Trust Securities Market since July 2018. Overall, Takara Leben Real Estate Investment Corporation positions itself as a diversified J-REIT focused on sustainable growth and stable earnings through active portfolio management, strategic property acquisitions, and leveraging sponsor expertise in residential development and real estate asset management in Japan. Its recent expansion activities and strategic funding rounds underpin its ongoing efforts to enhance portfolio diversification and operational efficiency.