Heiwa Real Estate REIT, Inc.

8966.T
REIT - Diversified
2026/03/02 Updated
Market Cap: $1.3B (¥195.9B)
Stock Price: $1,003.17 (¥156,500)
Exchange Rate: 1 USD = ¥156.01

Stock Price Chart

2026/03/02 Updated
18.98
PER (Price Earnings Ratio)
vs Industry Avg: +9.4
1.64
PBR (Price to Book Ratio)
vs Industry Avg: +0.4
5.07%
Dividend Yield
vs Industry Avg: +2.12%

Price Trend

2026/03/02 Updated
Short-term
5-Day MA
-0.57%
Near-term
25-Day MA
+1.18%
Mid-term
75-Day MA
+0.67%
Long-term
200-Day MA
+7.87%

Price & Trading Details

2026/03/02 Updated

PRICE

Previous Close ¥158,600
Open ¥159,000
High ¥159,000
Low ¥156,500
Close ¥156,500

TRADING

Volume 3,176
Average Volume 2,873
Turnover ¥5億
Min. Purchase ¥15,650,000

Analyst Recommendations 3 analysts

Updated 2026/03/01
Strong Buy
1
1
Buy
0
Hold
2
2
Sell
0
Strong Sell
0
Target Price (Mean)
¥162,333
None
¥171,000
High
¥167,000
Median
¥149,000
Low
+3% vs Current Price
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Shareholder Composition

Updated 2026/03/01
17.0%
Insider Holdings
47.7%
Institutional
35.3%
Public Float
82
Institutional Holders
Insider Holdings 17.0%
Institutional 47.7%
Public Float 35.3%

Major Holders

Updated 2026/03/01
Institution Ownership Shares Change
Vanguard International Stock Index-Total Intl Stock Indx
1.17%
13.4K +0.80%
DFA Investment Dimensions-DFA Int'l Real Estate Securities
0.86%
9.9K -2.96%
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund
0.69%
8.0K +4.97%
iShares Core MSCI EAFE ETF
0.55%
6.3K 0.00%
Vanguard Global ex U.S. Real Estate Index Fund
0.40%
4.6K +0.68%
iShares MSCI EAFE Small Cap ETF
0.31%
3.5K -3.69%

Dividend History 4Years Growth

Updated 2026/03/01
-%
Dividend Yield
¥7,800
Annual Dividend
+11.1%
YoY Growth
94.6%
Payout Ratio
Year Dividend Change
2025 ¥7,800 +11.1%
2024 ¥7,020 +8.7%
2023 ¥6,460 +4.5%
2022 ¥6,180 +8.6%
2021 ¥5,690 -

Financial Performance

2026/03/01 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2021 2022 2023 2024
Income Statement
Revenue ¥13,607M ¥15,159M ¥16,707M ¥17,781M
Gross Profit ¥8,292M ¥9,391M ¥10,402M ¥11,148M
Operating Income ¥6,671M ¥7,628M ¥8,511M ¥9,178M
Pretax Income ¥6,566M ¥7,481M ¥8,354M ¥8,994M
Net Income ¥5,888M ¥6,759M ¥7,554M ¥8,037M
EPS ¥5,729.78 - ¥6,670.00 ¥6,855.26
Operating Margin 49.03% 50.32% 50.94% 51.62%
Balance Sheet
Total Assets ¥203,207M - ¥240,874M ¥249,191M
Total Equity ¥104,193M - ¥118,532M ¥124,895M
Total Liabilities ¥99,014M - ¥122,342M ¥124,296M
Cash ¥11,223M - ¥12,873M ¥11,778M
Interest-bearing Debt ¥90,857M - ¥112,537M ¥114,037M
Equity Ratio 51.27% 0.00% 49.21% 50.12%
D/E Ratio 0.87 0.00 0.95 0.91
Cash Flow
Operating CF ¥8,802M ¥13,287M ¥11,300M ¥12,952M
Investing CF -¥17,094M -¥23,503M -¥19,189M -¥13,497M
Financing CF ¥7,856M ¥10,116M ¥11,113M -¥633M
Free CF -¥10,437M -¥12,106M -¥7,984M -¥1,241M
Efficiency
ROE 5.65% 0.00% 6.37% 6.44%
ROA 2.90% 0.00% 3.14% 3.23%

Company Information

English Name Heiwa Real Estate REIT, Inc.
Japanese Name 平和不動産リート投資法人
Stock Code 8966.T (JPX)
Sector / Industry Real Estate / REIT - Diversified

About

Heiwa Real Estate REIT, Inc., is 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 CO., LTD. (Heiwa Real Estate REIT) currently own 100% of Heiwa Real Estate REIT Asset Management, Inc. Investment units in Heiwa Real Estate REIT have been listed on the Real Estate Investment Trust Section (J-REIT Section) of the Tokyo Stock Exchange since March 8, 2005. Subsequently, Heiwa Real Estate REIT issued new investment units through public offerings and third-party allotments on several occasions and executed an investment unit split and investment unit issuance due to a merger with Japan Single-residence REIT Inc. on October 1, 2010. As of May 31, 2025, Heiwa Real Estate REIT has ownership or trust beneficiary interests in 131 properties with approximately 326,131.40 square meters of rentable space and has leased space to 6,167 tenants. The occupancy rate for the properties is approximately 97.1%. The firm was established on January 31, 2002.

Data provided by Yahoo Finance