Heiwa Real Estate REIT, Inc.
Supplementary material for the timely disclosure published today
Supplementary explanation related to the acquisition of the Akishima Ekimae Building and the upward revision of the distribution guidance for the fiscal year ending May 2027. The acquired asset is a small- to mid-sized office property near a station in Akishima, Tokyo, with expectations of rental growth and internal growth, suggesting external growth as well.
Key Figures
- Acquisition price (planned): 2,230 million yen
- Appraised value (as of 2026/9): 2,860 million yen
- NOI yield: 6.0%
- NOI yield after depreciation: 5.6%
- Rental vacancy gap rate: -14.7%
AI要約
Section heading
The supplementary materials released today detail the overview of the acquisition asset for HF Akishima Ekimae Building, surrounding development conditions, and the upward revision of the distribution for the fiscal year ending May 2027. The acquired asset is a small-to-medium office property near a station in Akishima City, Tokyo, with high visibility and expectations for rental demand stabilization; as of August 2026, the rental gap is -14.7%, indicating a discount relative to market rent levels. Furthermore, the acquisition is expected to increase distributions through both external and internal growth.
Section 2 heading
The overview of the acquisition asset and the growth prospects for rental income explain the room for improvement in the rental gap as of the end of August 2026, and accelerated internal growth based on projected rental income growth in 2026 and beyond. Additionally, the distribution guidance for the fiscal year ending May 2027 is revised upward from 4,040 yen to 4,070 yen, and continuing rental income growth is expected to support higher distributions.
Heiwa Real Estate REIT, Inc.
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