Japan Residential Investment Co (LON:JRIC) - Attractive yield and NAV discount
Jun 13th 2012 - Edison Investment Research today published a report on Japan Residential Investment Co (JRIC.L, LSE:JRIC, LON:JRIC) entitled "Attractive Yield And NAV Discount". In summary, the report says:
The consistent operational performance of the fund’s broad portfolio of Japanese residential properties, well-diversifed geographically and by tenant, supports an outlook of further dividend and NAV/share growth over the next few years. Portfolio occupancy levels and rental income have been steady despite global economic turmoil and local geological shocks. We see improved prospects for uplifts in asset values as the cyclical real estate market recovery gathers pace.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
