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


  • 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

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    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

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