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    REIT - Diversified
Heiwa Real Estate REIT, Inc.

Heiwa Real Estate REIT, Inc.

8966.T
Heiwa Real Estate REIT, Inc.JP flagTokyo Stock Exchange
135,600.00
JPY
-1,200.00
- -
182.18BMarket Cap
Heiwa Real Estate REIT, Inc.
8966.T
(Tokyo Stock Exchange)

Recent

price

135,600.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
8,916.57
12,139.64
12,241.3
11,648.77
- -
11,566.36
11,190.63
11,538.13
14,799.44
12,524.71
13,516.94
13,241.35
- -
14,762.42
14,880.3
16,666.86
Revenue per Share
16,616.39
-6,511.32
3,049.54
3,214.41
- -
3,286.21
2,844.79
3,854.83
7,195.72
5,010.38
6,000.28
5,729.78
- -
6,674.44
6,726.28
8,060.64
Basic EPS, GAAP
-4,398.63
14,761.57
120.61
-3,913.69
- -
-4,865.63
-1,891.94
1,423.4
5,484.37
-25.42
3,517.43
-10,156.18
- -
-7,055.19
383.1
-7,631.94
Free Cash Flow per Basic Share
1,558.58
2,926.44
3,123.31
3,020.63
- -
3,221.74
3,426.51
3,899.71
4,356.22
4,775.54
5,071.37
5,329.66
- -
6,189.23
6,427.96
7,150.79
Dividend per Share
85,375.18
85,375.18
85,375.18
87,195.8
- -
82,625.17
81,928.9
82,058.1
84,706.4
85,021.78
86,387.04
93,561.99
- -
97,416.46
97,310.34
99,377.77
Book Value per Share
109,387.11
99,946.02
99,826.94
94,228.94
- -
85,527.83
87,178.72
86,475.28
89,512.81
89,799.93
88,738.43
93,965.67
- -
94,726.83
93,618.38
95,254.1
Tangible Book Value per Share
1
1
1
1
- -
1
1
1
1
1
1
1
- -
1
1
1
Basic Weighted Avg Shares
6,205
8,448
8,519
9,226
- -
11,339
11,330
11,709
15,019
12,711
13,660
13,607
15,159
16,707
17,781
20,859
Sales/Revenue/Turnover
43.58
-35.15
42.32
42.08
- -
40.11
42.09
43.38
54.92
47.23
50.39
49.03
50.32
50.94
51.62
55.33
Operating Margin (%)
1,076
1,435
1,461
1,552
- -
1,806
1,916
1,937
1,898
1,903
1,916
1,926
1,935
2,030
2,095
2,197
Depreciation Expense
11,563
-4,531
2,122
2,546
- -
3,222
2,880
3,912
7,303
5,085
6,064
5,888
6,759
7,554
8,037
10,088
Net Income, GAAP
0.01
- -
0.06
0.05
- -
0.04
0.04
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.01
Effective Tax Rate (%)
186.35
-53.64
24.91
27.59
- -
28.41
25.42
33.41
48.62
40
44.39
43.27
44.59
45.21
45.2
48.36
Profit Margin (%)
-34,546
-18,131
-5,551
-3,060
-219
1,435
4,091
5,388
4,397
3,362
2,890
348
- -
503
-1,143
290
Working Capital
27,830
36,099
50,939
53,772
58,392
61,655
64,817
69,112
66,636
70,917
74,263
78,708
- -
98,602
100,061
112,855
LT Debt
77,688
71,121
71,036
76,192
82,034
87,877
92,299
92,411
95,358
95,648
94,910
104,193
- -
118,532
124,895
133,158
Total Equity
2.2
- -
2.79
2.81
- -
2.92
2.9
2.98
4.74
3.39
3.83
3.54
7.82
7.37
3.91
4.61
Return on Invested Capital (%)
10.95
- -
2.8
2.77
- -
2.84
2.44
2.96
4.91
3.5
3.96
3.64
8
7.5
3.97
4.71
Return on Capital (%)
19.46
-7.63
3.57
3.96
- -
4.13
3.51
4.71
8.63
5.9
6.99
6.42
14.06
13.7
7.1
8.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
6.62%
Free Cash Flow
-1,663.52%
-540.78%
-2,186.51%
Net Income, GAAP
15.63%
11.11%
25.51%
Sales/Revenue/Turnover
6.86%
8.99%
17.31%
Total Cash Common Dividend
11.02%
11.85%
16.51%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
16,707
2024
- -
- -
- -
- -
17,781
2025
- -
- -
- -
- -
20,859

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
6,674.44
2024
- -
- -
- -
- -
6,726.28
2025
- -
- -
- -
- -
8,060.64

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
6,189.23
2024
- -
- -
- -
- -
6,427.96
2025
- -
- -
- -
- -
7,150.79
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Business
Heiwa Real Estate REIT, Inc. (8966.T) operates as a real estate investment trust that acquires, owns, and manages income-producing properties, primarily office buildings and residential apartments in the Tokyo metropolitan area. The portfolio encompasses office buildings, retail spaces, logistics facilities, and commercial properties such as Suitengu Heiwa Building, HF Monzen-Nakacho Building, HF Hamamatsucho Building, and HF Tameike Building, with approximately 76 properties totaling 1.5 million square meters of leasable area as of recent reports. Established on January 31, 2002, and headquartered in Chuo-ku, Tokyo, Japan, the REIT targets stable earnings through mid- to long-term asset growth and diversified urban holdings. The company maintains a strategic focus on high-quality assets in prime Japanese urban centers, including Tokyo's Nihonbashi Kabutocho and Kayabacho districts, with operations centered in key commercial hubs to ensure robust occupancy and rental income. Its asset management emphasizes transparency, tenant relationships, and environmental enhancements alongside disaster preparedness. In recent developments, Heiwa Real Estate REIT secures sizable unsecured and unguaranteed loans from multiple lenders to support portfolio expansion and strategic initiatives as of late 2025. The related Heiwa Real Estate group, which supports the REIT's asset management, enters a capital and business alliance with Taisei Corporation and a tripartite collaboration with Taisei and Mitsubishi Estate Co., Ltd. in June 2024 to advance redevelopment projects, including the District Redevelopment Project in Sapporo City and Hyatt Kabutocho Tokyo. Additional progress includes approval of a property rights reallocation plan in July 2024 and commencement of new building construction in March 2025.