Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Buildings And Improvements : $13,750 Mil (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Buildings And Improvements?

Sumitomo Realty & Development Co's quarterly buildings and improvements declined from Jun. 2023 ($13,866 Mil) to Sep. 2023 ($13,320 Mil) but then increased from Sep. 2023 ($13,320 Mil) to Dec. 2023 ($13,750 Mil).

Sumitomo Realty & Development Co's annual buildings and improvements declined from Mar. 2022 ($14,840 Mil) to Mar. 2023 ($14,703 Mil) and declined from Mar. 2023 ($14,703 Mil) to Mar. 2024 ($13,635 Mil).

Sumitomo Realty & Development Co Buildings And Improvements Historical Data

The historical data trend for Sumitomo Realty & Development Co's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sumitomo Realty & Development Co Buildings And Improvements Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Buildings And Improvements

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14,712.42

15,689.79

14,840.10

14,703.42

13,634.98

Sumitomo Realty & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Buildings And Improvements	Get a 7-Day Free Trial															14,703.42	13,866.22	13,319.78	13,750.37	13,634.98

Sumitomo Realty & Development Co Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Business Description

Industry

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SURDF:USA 8830:Japan

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Headlines

From GuruFocus

Unveiling the Dividend Potential of Sumitomo Realty & Development Co Ltd

By GuruFocus Research • 09-28-2023