Heiwa Real Estate REIT, Inc. (8966.T)

Heiwa Real Estate REIT, Inc. (8966.T) — VMCI valuation read

Composite valuation read on 8966.T: VMCI 50/100 against a Real Estate sector median of 50. The 0-point above-median print is the headline number for Heiwa Real Estate REIT, Inc., and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.

Trailing 30-day insider activity for 8966.T: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.

**Investor frame.** Value, quality, risk in three lines on 8966.T: 8966.T trades at 17.0x earnings, 6% below the Real Estate median of 18.0x; ROIC of 13.0% sits 3.0pp above the Real Estate median (10.0%); net debt to EBITDA of -1.0x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Real Estate closes the value frame.

8966.T fell 0.9% over the trailing 7 days, with a +2.3% read on a 30-day basis.