HEIWA REAL ESTATE REIT, Inc. [8966.T]
TOKYO, Apr 27 (Pulse News Wire) – Heiwa Real Estate Reit,inc. (8966.T) revised its fiscal year 2026 (FY26) operating forecast due to planned asset transfers.
The revisions reflect changes in assumptions related to the sale of properties HF Nishishinjuku Residence WEST and EAST, which were announced separately today. As a result, per-share earnings metrics such as operating revenue, operating profit, ordinary profit, net profit, and distribution are expected to differ significantly from previous estimates. Previously, the company had projected operating revenue of ¥8.954 billion, operating profit of ¥4.109 billion, ordinary profit of ¥3.170 billion, net profit of ¥3.170 billion, and a distribution of ¥3,990 per share. After the revision, these figures are now estimated at ¥11.53 billion, ¥6.588 billion, ¥5.629 billion, ¥5.628 billion, and ¥3.990 billion respectively. The adjustments represent increases of ¥2.577 billion, ¥2.479 billion, ¥2.458 billion, ¥2.458 billion, and ¥0, corresponding to growth rates of 28.8%, 60.3%, 77.5%, 77.5%, and 0.0%.
The company currently holds 138 real estate assets and plans to divest two more by the end of FY26. The revised forecast assumes no further asset movements beyond these scheduled sales during the calculation period from December 1, 2025, to May 31, 2026. HEIWA REAL ESTATE REIT's capital consists of 1,251,533 shares outstanding as of April 27, 2026. The company expects to distribute a total of ¥250 million per share, including a provisional reduction of __NUM_200__ yen per share from temporary reserve adjustments. However, various factors could still impact final distributions.
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