Property

Elliott's move sparks interest in undervalued Japan real estate stocks

Investors look beyond rising rates as companies accumulate unrealized profits

20250325 Tokyo skyline

Tokyo skyline: commercial land values in the capital rose by over 10% in 2024. © Reuters

MITSURU OBE
March 25, 2025 16:45 JST

TOKYO -- Shares of Japanese real estate developers forged ahead on the Tokyo Stock Exchange on Tuesday, inspired by Elliott Investment Management's move to invest in Sumitomo Realty and Development, a highly undervalued real estate stock in Japan.

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