HEIWA REAL ESTATE REIT, Inc. [8966.T]
TOKYO, May 18 (Pulse News Wire) – HEIWA REAL ESTATE REIT, Inc. (8966.T) updated its mid-term strategy to NEXT VISION II+, aiming for steady growth and sustainable profit enhancement.
The plan includes capital efficiency improvements, asset turnover strategies, internal growth, and investor returns. Key targets for fiscal year ending November 2027 include a distribution per unit (DPU) target of ¥4,030, up from previous forecasts. The firm also set goals for average return on investment (ROI) of 10%, annual rental income growth rate of 90.9%, and a net asset value (NAV) target of 3,000 billion yen.
Additionally, HEIWA REAL ESTATE REIT plans to enhance sustainability by reducing greenhouse gas emissions by 90% compared to 2018 levels by 2030 and transitioning to renewable energy sources within one year post-acquisition for newly acquired properties. In the near term, the company expects to complete several acquisitions and disposals, including the purchase of the Nagoya Heiwa Building and three additional properties through a general offering, while selling two residential assets in May 2026. These transactions aim to bolster the portfolio's liquidity and credit rating, targeting an upgrade to AA status.
HEIWA REAL ESTATE REIT remains committed to achieving its strategic objectives despite potential risks and uncertainties associated with market conditions and economic factors.
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