UBS, Mitsubishi weigh sale of real estate venture, may seek $1.7B

May 03, 2022

.

UBS 's (NYSE: UBS ) asset management arm and Mitsubishi Corp. (OTCPK:MSBHF) are considering selling their real estate management joint venture for ~JPY 200B ($1.7B), Bloomberg reports, citing people with knowledge of the matter.

Mitsubishi UFJ (NYSE:MUFG) Trust & Banking is among the possible buyers of the firm called Mitsubishi Corp. UBS Realty, the people said.

The joint venture, which manages assets for Japanese real estate investment trusts, is 51 % owned by the Mitsubishi (OTCPK:MSBHF) group of companies, with UBS ( UBS ) Asset Management owning the rest.

Talks with Mitsubishi UFJ (MUFG) Trust are continuing, and no agreement has been reached yet. And the companies may seek for other acquirers, the people told Bloomberg.

Last September, U.S. Bancorp (NYSE:USB) acquired MUFG Union Bank's core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG) for ~$5.5B in cash and stock.

Over the current book year the total revenue from the company in Zurich will be 36.6 billion CHF (consensus estimates). This is slightly lower than 2021's revenue of 37.33 billion CHF.

Historical revenues and results UBS plus estimates 2021

The analysts expect for 2021 a net profit of 7.73 billion CHF. For this year the consensus of UBS 's result per share is a profit of 2.26 CHF. The PE-ratio therefore is 7.24.

Huge dividend UBS

Per share the analysts expect a dividend of 54 cents per share. Thus the dividend yield equals 3.3 percent. The average dividend yield of the banks equals an attractive3.02 percent.

UBS 's market capitalization is around 58.12 billion CHF. 20

At 13.33 the stock trades 2.99 percent higher at 16.37 CHF.

Historical stock prices UBS

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

Other stock news

Analysts expect over 2024 revenue expansion UBS

Analysts estimate for 2023 decreasing sales UBS, quite high dividend

Implications of the UBS takeover of Credit Suisse.

Swiss regulators broke the rules of the game

Analysts expect over 2021 rising revenue UBS

Analysts count on revenue increase UBS

Analysts count on sales decrease UBS

Sector news

ING Group finishes share buy back program

Analysts expect over 2024 revenue expansion UBS

Extremely high dividend stock Credit Agricole

Analysts expect over 2023 decreasing revenue ABN AMRO, high dividend yield

Stock ING Groep goes ahead in the Netherlands in terms of dividend yields

Analysts anticipate for 2023 on revenue decrease KBC, high dividend yield

Analysts estimate for 2023 decreasing sales UBS, quite high dividend

National news

Analysts expect over 2024 revenue expansion UBS

Currently quite high dividend BB Biotech

Analysts: more sales ABB

Analysts: less sales Sonova

Analysts expect over 2024 revenue increase Adecco, quite high dividend

Clariant among highest Swiss dividend stocks

Novartis among highest Swiss dividend stocks

Press news

Test News

Share Buyback

Exasol secures additional contracts from the financial sector and achieves its planned growth target for 2024

Enlight Announces the Financial Close for Project Roadrunner

Transactions in connection with share buyback programme

Tower Semiconductor Releases 300mm 65nm 3.3V-Based BCD Power Management Platform

Fixing of coupon rates - Nykredit Realkredit A/S

About us	Network	Partners
Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos	Analist.nlLinksISIN Glossary	MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-x