Heiwa Real Estate REIT Future Growth

Future criteria checks 0/6

Heiwa Real Estate REIT's revenue and earnings are forecast to decline at 2.7% and 8.5% per annum respectively while EPS is expected to decline by 9.9% per annum.

Key information

-8.5%

Earnings growth rate

-9.9%

EPS growth rate

REITs earnings growth	-1.7%
Revenue growth rate	-2.7%
Future return on equity	n/a
Analyst coverage	Low
Last updated	19 Jul 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSE:8966 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
5/31/2027	16,296	6,392	N/A	N/A	1
5/31/2026	16,231	6,386	N/A	N/A	1
5/31/2025	17,515	7,832	N/A	N/A	1
5/31/2024	17,392	7,933	7,076	12,591	N/A
2/29/2024	17,050	7,744	10,052	11,946	N/A
11/30/2023	16,707	7,554	9,212	11,300	N/A
8/31/2023	16,296	7,339	7,915	10,870	N/A
5/31/2023	15,886	7,124	6,618	10,440	N/A
2/28/2023	15,523	6,942	8,725	11,864	N/A
11/30/2022	15,159	6,759	10,831	13,287	N/A
8/31/2022	14,679	6,462	10,180	12,969	N/A
5/31/2022	14,199	6,165	9,528	12,651	N/A
2/28/2022	13,903	6,027	7,963	10,727	N/A
11/30/2021	13,607	5,888	6,398	8,802	N/A
8/31/2021	13,705	6,040	8,405	9,608	N/A
5/31/2021	13,803	6,192	10,411	10,415	N/A
2/28/2021	13,732	6,128	10,350	10,710	N/A
11/30/2020	13,660	6,064	10,288	11,005	N/A
8/31/2020	13,288	5,679	9,639	10,356	N/A
5/31/2020	12,917	5,295	8,990	9,706	N/A
2/29/2020	12,814	5,190	9,456	9,814	N/A
11/30/2019	12,656	5,012	3,026	9,754	N/A
8/31/2019	12,654	5,075	9,414	9,417	N/A
5/31/2019	12,597	5,065	2,324	8,912	N/A
2/28/2019	13,809	6,184	12,201	12,494	N/A
11/30/2018	12,430	4,974	-708	7,736	N/A
8/31/2018	14,852	7,011	15,551	16,438	N/A
5/31/2018	14,685	6,720	9,892	16,799	N/A
2/28/2018	13,198	5,316	N/A	13,189	N/A
11/30/2017	11,762	3,808	N/A	9,180	N/A
8/31/2017	11,618	3,502	N/A	9,801	N/A
5/31/2017	11,525	3,092	N/A	10,022	N/A
2/28/2017	11,428	2,986	N/A	8,869	N/A
11/30/2016	11,396	2,170	N/A	10,066	N/A
8/31/2016	11,443	3,392	N/A	8,786	N/A
5/31/2016	11,555	3,904	N/A	9,856	N/A
11/30/2015	11,846	4,218	N/A	14,346	N/A
5/31/2015	10,830	2,222	N/A	7,454	N/A
11/30/2014	10,104	3,002	N/A	5,708	N/A
5/31/2014	10,118	2,888	N/A	4,288	N/A
11/30/2013	9,230	2,670	N/A	6,532	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8966's earnings are forecast to decline over the next 3 years (-8.5% per year).

Earnings vs Market: 8966's earnings are forecast to decline over the next 3 years (-8.5% per year).

High Growth Earnings: 8966's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 8966's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: 8966's revenue is forecast to decline over the next 3 years (-2.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 8966's Return on Equity is forecast to be high in 3 years time

Heiwa Real Estate REIT Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target decreased by 9.5% to JP¥140,000

Price target increased to JP¥157,333

Price target raised to JP¥143,000

Price target lowered to JP¥121,000

Recent updates

Upcoming dividend of JP¥3,440 per share

Price target decreased by 9.5% to JP¥140,000

New minor risk - Shareholder dilution

Upcoming dividend of JP¥3,325 per share

Heiwa Real Estate REIT, Inc. has filed a Follow-on Equity Offering.

An undisclosed buyer agreed to acquire Hf Nihonbashi Hamacho Building from Heiwa Real Estate REIT, Inc. (TSE:8966) for ¥3.5 billion.

First half 2024 earnings released: EPS: JP¥3,475 (vs JP¥3,203 in 1H 2023)

Upcoming dividend of JP¥3,180 per share at 4.5% yield

Full year 2023 earnings released: EPS: JP¥6,398 (vs JP¥5,841 in FY 2022)

New major risk - Revenue and earnings growth

Full year 2023 earnings released

Heiwa Real Estate REIT, Inc. to Report Fiscal Year 2023 Results on Jul 14, 2023

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of JP¥3,130 per share at 4.0% yield

Heiwa Real Estate REIT, Inc. (TSE:8966) completed the acquisition of HF Fushimi Residence for ¥610 million.

Heiwa Real Estate REIT, Inc. (TSE:8966) completed the acquisition of HF Imaike Minami Residence for JPY 860 million.

First half 2023 earnings released: EPS: JP¥3,202 (vs JP¥2,816 in 1H 2022)

Upcoming dividend of JP¥3,115 per share

No independent directors

Price target increased to JP¥157,333

Full year 2022 earnings released: EPS: JP¥5,840 (vs JP¥6,172 in FY 2021)

Upcoming dividend of JP¥3,050 per share

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire Trust beneficiary rights of Grace Building Sengakujimae from Heiwa Real Estate Co., Ltd. (TSE:8803) for ¥2219 million.

No independent directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of JP¥2,850 per share

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire HF SOKA RESIDENCE and Faret East Building for ¥2310 million.

Full year 2021 earnings released: EPS JP¥6,172 (vs JP¥5,217 in FY 2020)

Upcoming dividend of JP¥2,850 per share

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire ACROSS Shinkawa, Kabuto-cho Uni-Square, HF Hakata-Higashi Residence II & HF Fukuoka Residence for ¥4.4 billion.

Full year 2020 earnings released: EPS JP¥6,064 (vs JP¥4,939 in FY 2019)

New 90-day high: JP¥144,100

Price target raised to JP¥143,000

New 90-day high: JP¥130,400

Second quarter 2021 earnings released: EPS JP¥1,627

New 90-day high: JP¥123,200

New 90-day high: JP¥120,400

Price target lowered to JP¥121,000

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire Of-46 TORYO BUILDING from a domestic business company for ¥2.5 billion.

Heiwa Real Estate REIT, Inc. (TSE:8966) agreed to acquire HF OHORI RESIDENCE BAYSIDE from a domestic business company for ¥1.2 billion.

Heiwa Real Estate REIT, Inc. (TSE:8966) completed the acquisition of Of-44 KINSHICHO SQUARE BUILDING.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies