- HOME>
- List of Company>
- Company Data
HEIWA REAL ESTATE REIT, Inc.
Diversified REIT sponsored by Heiwa Real Estate. The investment policy is one of diversified investment in a large number of properties, with the investment ratios set to roughly 50％ for both offices and residences, with the ratio of exceptional assets (such as commercial facilities and hotels) set to 5％ or less. Eighty percent of the investment areas are in the Tokyo metropolitan area, while 20％ are in Chubu, Kinki, and others.
-
Unit Price and Trading Volume
-
Unit Yield, Sector Average and Overall Average
Corporate Data
| Investment Corporation Name | HEIWA REAL ESTATE REIT, Inc. |
|---|---|
| Abbreviation | HFR |
| Securities code | 8966（JPX） |
| Listing date | 2005/03/08 |
| Time elapsed | 18.74 year |
| Closing months | May / November |
| ＵＲＬ | http://www.heiwa-re.co.jp/ |
| Unitholders' capital | 97,800Million JPY |
| Number of investment units authorized | 1,113,733Unit |
| Investment amount per unit | 87,813JPY |
| Rating | JCR:AA- |
| Type of assets under management | Complex-type REIT / Offices：48.92％ Residences：51.08％ Others：0％ |
| Management target regions | Central Tokyo (5 Wards)：36.19％ Tokyo (23 Wards)：27.80％ Outlying Tokyo：10.45％ Other：25.57％ |
| Number of investment properties | 125 |
| Number of tenants | 5948 |
| Total leasable floor space | 296,340.91㎡ |
Investment Index Information
| NAV per Unit | 151,905JPY |
|---|---|
| Unit Price / NAV per Unit | 0.88 |
| FFO per Unit | 4,582JPY |
| Unit Price / FFO per Unit | 29.29 |
| NOI Yield | 3.96％ |
| Implied Cap Rate | 3.28％ |
| Market capitalization | 149,463Million JPY |
| Acquisition book value | 221,044Million JPY |
| Term-end book value | 214,158Million JPY |
| Appraisal value | 270,811Million JPY |
| Interest-bearing liabilities | 109,817Million JPY |
| LTV | 47.34％ |
| EV / EBITDA | 28.62 |
| Average maturity of borrowings | 4.2year |
| Ratio of long-term fixed interest rate | |
| Average occupancy rate | 98.01％ |
| Average age of buildings | 22.61year |
Investment Management Policies
- Invests with a particular focus on offices and residences located in the investment area centered in Tokyo's wards.
- Aims to keep investments in regional office buildings, regional residences, and extraordinary assets within 30％ of total portfolio assets (on the basis of acquisition price).
Other Related Corporations
| Asset Manager | HEIWA REAL ESTATE Asset Management CO., LTD. | |||
|---|---|---|---|---|
| Update | 2023/07/14 | Capital | 296Million JPY | |
| Major Shareholders | 100％ | HEIWA REAL ESTATE CO.,LTD. | Other Shareholders | |
Account Settlement InformationFY2023-5(Million JPY)
| 41th | 42th |
43th （most recent） |
44th forecast | 45th forcast | |
| Revised Date |
Revised Date |
||||
| Operating revenue | 7,322 | 7,836 | 8,049 | 8,263 | 7,698 |
| Operating income | 3,609 | 4,018 | 4,015 | 4,129 | 3,549 |
| Ordinary income | 3,193 | 3,566 | 3,559 | 3,631 | 3,048 |
| Net income | 3,193 | 3,565 | 3,558 | 3,631 | 3,048 |
| Short-term borrowings | 11,580 | 13,460 | 12,665 | ||
| Long-term borrowings | 77,277 | 79,197 | 88,252 | ||
| Investment corporation bonds | 7,900 | 6,900 | 8,900 | ||
| Total assets | 209,794 | 221,531 | 231,994 | ||
| Net assets | 104,618 | 113,007 | 112,811 | ||
| Distribution per unit | 3,050 JPY/per Unit |
3,130 JPY/per Unit |
3,160 JPY/per Unit |
3,180 JPY/per Unit |
3,200 JPY/per Unit |
Other Affiliated Companies
| Asset custodian | Mizuho Trust & Banking Co., Ltd. | Accounting auditor | KPMG AZSA LLC |
|---|---|---|---|
| Accounting services | Heiseikaikeisha(“HSK”) Tax Corporation | Unitholders registry administrator | Mizuho Trust & Banking Co., Ltd. |
| Tax administration services | Heiseikaikeisha(“HSK”) Tax Corporation | Investment corporation bond administrator | Resona Bank,Limited |
