继此前一笔要约收购提振了Alphabet今年的盈利后，SpaceX新一轮二级市场股票以每股421美元定价， 暗示公司估值约8000亿美元，Alphabet（GOOGL）可能因此录得另一笔未实现收益。 责任编辑：张俊 SF065 继此前一笔要约收购提振了Alphabet今年的盈利后，SpaceX新一轮二级市场股票以每股421美元定价， 暗示公司估值约8000亿美元，Alphabet（GOOGL）可能因此录得另一笔未实现收益。 责任编辑：张俊 SF065 ...

Group 1 - The new leadership under Kishi Sanae is expected to create more opportunities in the Japanese real estate sector, with unrealized gains projected to increase significantly [1] - Approximately 330 major listed companies have seen their real estate asset values grow to a total of 31 trillion yen (approximately 203 billion USD), marking a 26% increase over the past five years [1] - Active investors are increasingly urging companies to sell real estate and enhance shareholder returns, as seen with Elliott Management's stake in Kansai Electric Power, which has unrealized real estate gains of 220 billion yen [3] Group 2 - Corporate governance reforms are prompting companies to reassess their asset holdings, with significant unrealized gains in real estate becoming more noticeable [4] - The adjusted price-to-book ratio (P/B ratio) of companies holding substantial real estate can indicate potential undervaluation, as seen with Mitsubishi Estate, where unrealized gains could lower its P/B ratio from 1.7 to 0.7 [8] - Some sectors, particularly retail, textiles, and warehousing, are viewed as undervalued due to their real estate holdings, making them targets for active investors [6][7] Group 3 - Institutional investors are advocating for companies to reevaluate their real estate holdings to improve balance sheet efficiency, with significant impacts expected if companies support active investors' proposals [11] - Companies like Sumitomo Realty, Tokyo Gas, and Mitsui Warehouse Holdings, which hold substantial real estate and have attracted active investor interest, have generally outperformed their respective industry indices over the past year [11]