Mitsubishi Estate (OTCMKTS:MITEY) Posts Earnings Results

Mitsubishi Estate (OTCMKTS:MITEY) posted its earnings results on Monday. The company reported $0.31 earnings per share for the quarter, Zacks reports. Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%.

Mitsubishi Estate Stock Up 3.7%

MITEY opened at $27.69 on Monday. The company has a fifty day moving average of $24.89 and a two-hundred day moving average of $22.78. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.45 and a current ratio of 2.09. Mitsubishi Estate has a fifty-two week low of $13.82 and a fifty-two week high of $27.69. The stock has a market capitalization of $33.71 billion, a price-to-earnings ratio of 26.37 and a beta of 0.10.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.