Heiwa Real Estate REIT Lifts Earnings and Net Assets, Guides for Stable Distributions Amid Profit Dip

Heiwa Real Estate REIT, Inc. ( (JP:8966) ) just unveiled an update.

For the 48th fiscal period ended November 2025, Heiwa Real Estate REIT reported higher operating revenue of ¥10,704 million and profit of ¥5,206 million, up 5.4% and 6.7% respectively year on year, supported by a solid operating margin and a stable ordinary profit-to-asset ratio of 1.9%. Net assets rose to ¥133,158 million, total assets increased to ¥272,935 million, and the ratio of unitholders’ equity to total assets improved to 48.8%, while the REIT maintained a high payout ratio of 94.9% with distributions of ¥3,950 per unit funded partly through reserve reversals. Looking ahead, the REIT forecasts a temporary decline in operating revenue and profit for the 49th fiscal period, followed by a modest recovery in the 50th period, while keeping distributions per unit around ¥3,990–¥4,010 by supplementing earnings with reversals of temporary difference reserves and retained earnings, signaling an emphasis on stable unitholder returns despite expected earnings volatility.

The most recent analyst rating on (JP:8966) stock is a Buy with a Yen174052.00 price target. To see the full list of analyst forecasts on Heiwa Real Estate REIT, Inc. stock, see the JP:8966 Stock Forecast page.

More about Heiwa Real Estate REIT, Inc.

Heiwa Real Estate REIT, Inc. is a Tokyo Stock Exchange–listed real estate investment trust that invests in income-generating properties, providing investors with stable, distribution-focused exposure to Japan’s real estate market. The REIT is managed by Heiwa Real Estate Asset Management Co., Ltd., which oversees asset allocation, financing and operational strategy to sustain long-term portfolio value and steady cash flows for unitholders.

Average Trading Volume: 3,219

Technical Sentiment Signal: Buy

Current Market Cap: Yen203.5B

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