Here's a list of JP stocks with [unrealized gain on rental properties] > [market cap]
- Japan Guru
- 10 hours ago
- 1 min read
In the labyrinth of global markets, where high-flying tech giants often steal the spotlight, Japan's stock exchange harbors a peculiar treasure trove: companies whose rental property portfolios are quietly sitting on unrealized gains that dwarf their entire equity market capitalization.
Imagine owning assets worth billions more than what investors are willing to pay for the business itself—a classic hallmark of undervaluation that could signal ripe opportunities for savvy value hunters. These aren't flashy disruptors but stalwart real estate holders, from regional developers to industrial landlords, whose balance sheets whisper of untapped wealth hidden in plain sight.
Here's a curated list of such Japanese stocks, posted by this twitter user, spotlighting their property windfalls:

Note that 8841 TOC, the highly watched deep realty play with potential liquidity event anticipated for the founder's stake, is listed near the top of the ranking.
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