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Heiwa Real Estate REIT, Inc.

TSE:8966 Stock Report

Market Cap: JP¥174.0b

Heiwa Real Estate REIT (8966) Stock Overview

HEIWA REAL ESTATE REIT, Inc. (“HEIWA REAL ESTATE REIT”) was established on January 31, 2002 as an investment corporation under the Act on Investment Trusts and Investment Corporations (Act No. More details

8966 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends6/6

Rewards

Earnings are forecast to grow 4.33% per year

Earnings have grown 9.1% per year over the past 5 years

Pays a high and reliable dividend of 5.46%

Risk Analysis

Debt is not well covered by operating cash flow


8966 Community Fair Values

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Heiwa Real Estate REIT, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Heiwa Real Estate REIT
Historical stock prices
Current Share PriceJP¥139,300.00
52 Week HighJP¥139,300.00
52 Week LowJP¥114,400.00
Beta0.30
1 Month Change4.66%
3 Month Change8.40%
1 Year Change4.19%
3 Year Change-1.90%
5 Year Change32.41%
Change since IPO2.99%

Recent News & Updates

Recent updates

Shareholder Returns

8966JP REITsJP Market
7D1.5%0.5%-0.08%
1Y4.2%2.4%-1.9%

Return vs Industry: 8966 exceeded the JP REITs industry which returned 2.4% over the past year.

Return vs Market: 8966 exceeded the JP Market which returned -1.9% over the past year.

Price Volatility

Is 8966's price volatile compared to industry and market?
8966 volatility
8966 Average Weekly Movement1.8%
REITs Industry Average Movement1.5%
Market Average Movement3.6%
10% most volatile stocks in JP Market7.5%
10% least volatile stocks in JP Market1.9%

Stable Share Price: 8966 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 8966's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMasanori Hiranowww.heiwa-re.co.jp

HEIWA REAL ESTATE REIT, Inc. (“HEIWA REAL ESTATE REIT”) was established on January 31, 2002 as an investment corporation under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, including subsequent revisions, hereinafter referred to as the “Investment Trust Act”) by the founder (the former Canal Investment Trust Co., Ltd.; now, HEIWA REAL ESTATE REIT Asset Management, Inc., the Asset Management Company). HEIWA REAL ESTATE REIT is an externally managed real estate fund, established as an investment corporation. HEIWA REAL ESTATE REIT Asset Management, Inc., as HEIWA REAL ESTATE REIT’s asset management company, is engaged in acquiring, managing, leasing, and renovating office properties, residential properties and commercial properties.

Heiwa Real Estate REIT, Inc. Fundamentals Summary

How do Heiwa Real Estate REIT's earnings and revenue compare to its market cap?
8966 fundamental statistics
Market capJP¥173.98b
Earnings (TTM)JP¥8.04b
Revenue (TTM)JP¥17.78b
21.6x
P/E Ratio
9.8x
P/S Ratio

Is 8966 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8966 income statement (TTM)
RevenueJP¥17.78b
Cost of RevenueJP¥8.64b
Gross ProfitJP¥9.14b
Other ExpensesJP¥1.11b
EarningsJP¥8.04b

Last Reported Earnings

Nov 30, 2024

Next Earnings Date

Jul 16, 2025

Earnings per share (EPS)6.44k
Gross Margin51.42%
Net Profit Margin45.20%
Debt/Equity Ratio91.3%

How did 8966 perform over the long term?

See historical performance and comparison

Dividends

5.5%
Current Dividend Yield
59%
Payout Ratio

Does 8966 pay a reliable dividends?

See 8966 dividend history and benchmarks
When do you need to buy 8966 by to receive an upcoming dividend?
Heiwa Real Estate REIT dividend dates
Ex Dividend DateMay 29 2025
Dividend Pay DateAug 15 2025
Days until Ex dividend47 days
Days until Dividend pay date31 days

Does 8966 pay a reliable dividends?

See 8966 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/14 23:39
End of Day Share Price 2025/07/14 00:00
Earnings2024/11/30
Annual Earnings2024/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Heiwa Real Estate REIT, Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Noritaka HoboDaiwa Securities Co. Ltd.
Yosuke OhataMizuho Securities Co., Ltd.
Kohei OmuraNomura Securities Co. Ltd.