Mitsubishi Estate (OTCMKTS:MITEY) Releases Quarterly Earnings Results

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

Mitsubishi Estate Trading Up 3.7%

Shares of MITEY stock opened at $27.69 on Monday. The company has a 50-day moving average of $24.89 and a two-hundred day moving average of $22.78. The firm has a market cap of $33.71 billion, a PE ratio of 26.37 and a beta of 0.10. Mitsubishi Estate has a 1-year low of $13.82 and a 1-year high of $27.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45.

About Mitsubishi Estate

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.