Japanese stocks that 1) have no research "coverage" by the Street because their market capitalization
is too small, 2) trade at PBRs well under 1.
Our analyses of 100-plus corporations indicate that an untapped 20 percent of market capitalization
resides in the balance sheet, within those areas of operational excellence (such as inventory turns and Dso) that determine capital efficiency and free cash flows.
Russell's innovative index design--including float-adjusted market capitalization
, reconstitution, REIT inclusion, multi-factor style analysis and objective and transparent rules--has led to more assets benchmarked to Russell's U.
lodging REITs, their numbers of hotels owned, total room counts, IPO volumes, IPO price, market capitalization
and shares outstanding for each year from 1993 to the first quarter of 1998 can be obtained at www.
In 1993 there was only one equity REIT with a market capitalization
in excess of $1 billion.
With a market capitalization
of over $3 billion, Red Hat, Inc.
Fueled by an impressive track record of total return performance, growing market capitalization
and increasing institutional capital, the REIT industry is expecting record growth in 1997, providing the nation's real estate industry with an unprecedented level of health and stability, according to analysts, industry observers and the National Association of Real Estate Investment Trusts (NAREIT).
has a market capitalization
of approximately $750 million and gathers, conditions, treats, processes and transports midstream natural gas for a customer base that spans the natural gas and natural gas liquids commodity industries.
The total market capitalization
for all NYSE Group energy listings to more than $3.