Mitsubishi Estate Co (Mitsubishi Estate Co) Buildings And Improvements : $20,768 Mil (As of Mar. 2024)

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What is Mitsubishi Estate Co Buildings And Improvements?

Mitsubishi Estate Co's quarterly buildings and improvements increased from Sep. 2023 ($21,293 Mil) to Dec. 2023 ($21,703 Mil) but then declined from Dec. 2023 ($21,703 Mil) to Mar. 2024 ($20,768 Mil).

Mitsubishi Estate Co's annual buildings and improvements declined from Mar. 2022 ($24,625 Mil) to Mar. 2023 ($22,332 Mil) and declined from Mar. 2023 ($22,332 Mil) to Mar. 2024 ($20,768 Mil).

Mitsubishi Estate Co Buildings And Improvements Historical Data

The historical data trend for Mitsubishi Estate 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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Mitsubishi Estate Co Buildings And Improvements Chart

Mitsubishi Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Buildings And Improvements

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25,671.09

25,901.54

24,624.79

22,331.69

20,767.88

Mitsubishi Estate 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															22,331.69	21,286.84	21,292.71	21,702.61	20,767.88

Mitsubishi Estate 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.

Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Buildings And Improvements

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Traded in Other Exchanges

MITEF:USA 8802:Japan

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

Mitsubishi Estate Co (Mitsubishi Estate Co) Headlines

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