StreetAccount Activist Summary: Week of 11-Aug
Japan unrealized property gains continue to swell, potential source of shareholder value:
Sumitomo Realty & Development holder Elliot management critical of company's "Policy on Utilizing Fixed Assets and Leveraging Strategic Shareholdings" (¥6136.0000, +177)
Sumitomo Realty & Development reports Q1 net income attributable ¥73.78B vs FactSet ¥65.92B [5 est, ¥49.30-79B] (¥5914.0000, 0)
Sumitomo Realty & Development notes holder Elliott's statement on AGM results; low approval rate for management reflective of investor dissatisfaction (¥5567.0000, 0)
StreetAccount Activist Summary: Week of 9-Jun
Sumitomo Realty & Development clarifies media report: Not considering selling 19 office buildings (¥5838.0000, 0)
Sumitomo Realty & Development looks to sell Tokyo office properties for at least ¥100B - Bloomberg (15:58 JST) (¥5838.0000, 0)
Sumitomo Realty & Development downgraded to equal-weight from overweight at Morgan Stanley (¥5534.0000, 0)
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