Heiwa Real Estate REIT (TSE:8966) EBITDA Margin %: 65.59% (As of Nov. 2025) — Near Median

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TSE:8966 Heiwa Real Estate REIT Inc TSE:8966
70 GF Score
Price 円135,500.00
GF Value 円163,138.94
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Heiwa Real Estate REIT EBITDA Margin %?

Heiwa Real Estate REIT TSE:8966 +0.30% 70 EBITDA Margin % is 65.59% as of Nov. 2025, which is 5% above its 10-year median of 62.26. GuruFocus rates TSE:8966 with a GF Score™ of 70/100 and a GF Value™ of 円163,138.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 744 REITs companies, Heiwa Real Estate REIT ranks worse than 56.32% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Heiwa Real Estate REIT's EBITDA for the six months ended in Nov. 2025 was 円7,021 Mil. Heiwa Real Estate REIT's Revenue for the six months ended in Nov. 2025 was 円10,705 Mil. Therefore, Heiwa Real Estate REIT's EBITDA margin for the quarter that ended in Nov. 2025 was 65.59%.


Heiwa Real Estate REIT  (TSE:8966) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Heiwa Real Estate REIT EBITDA Margin % Related Terms


Heiwa Real Estate REIT EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Heiwa Real Estate REIT's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heiwa Real Estate REIT EBITDA Margin % Chart

Heiwa Real Estate REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.41 62.12 62.15 62.36 65.06

Heiwa Real Estate REIT Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.95 62.11 62.60 64.50 65.59

TSE:8966 vs VICI, WPC: EBITDA Margin % Comparison

For the REIT - Diversified subindustry, Heiwa Real Estate REIT's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heiwa Real Estate REIT EBITDA Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate REIT's EBITDA Margin % falls into.


TSE:8966
70GF Score
Heiwa Real Estate REIT Inc TSE:8966
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Heiwa Real Estate REIT EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Heiwa Real Estate REIT's EBITDA Margin % for the fiscal year that ended in Nov. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Nov. 2025 )/Revenue (A: Nov. 2025 )
=13570.993/20859.131
=65.06 %

Heiwa Real Estate REIT's EBITDA Margin % for the quarter that ended in Nov. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=7021.381/10704.701
=65.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 65.59% mean?
Heiwa Real Estate REIT (TSE:8966) has a EBITDA Margin % of 65.59% as of Nov. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Heiwa Real Estate REIT and its competitors. This is near median its historical median of 62.26. Over the past decade, Heiwa Real Estate REIT's EBITDA Margin % has ranged from 50.54 to 66.47. According to the industry distribution chart, Heiwa Real Estate REIT ranks #419 out of 744 companies in the REITs industry, placing it in the top 56.3%.
Is Heiwa Real Estate REIT's EBITDA Margin % too high?
Heiwa Real Estate REIT's current EBITDA Margin % of 65.59% is near median its 10-year median of 62.26. Over the past 10 years, this metric has ranged from a low of 50.54 to a high of 66.47. The REITs industry median EBITDA Margin % is 69.79. Heiwa Real Estate REIT's value of 65.59% is 6% below this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #419 out of 744 companies in the REITs industry, which is below the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's EBITDA Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #419 out of 744 companies for EBITDA Margin %. This places Heiwa Real Estate REIT in the lower half of its industry. The industry median EBITDA Margin % is 69.79. Heiwa Real Estate REIT's value of 65.59% is 6% below this benchmark. Historically, Heiwa Real Estate REIT's own EBITDA Margin % has ranged from 50.54 to 66.47 over the past decade. While the company's 10-year median is 62.26 vs. the industry median of 69.79, Heiwa Real Estate REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.79, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Real Estate REIT's current EBITDA Margin % of 65.59% is 6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Heiwa Real Estate REIT and its competitors. For the REITs industry, the median EBITDA Margin % is 69.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current EBITDA Margin % is 65.59%, which is near median its own 10-year median of 62.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Real Estate REIT stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Real Estate REIT (TSE:8966) is currently considered Modestly Undervalued. The stock's GF Value™ is 円163,138.94, compared to a current price of 円135,500.00 — trading 16.9% below its estimated fair value. The current EBITDA Margin % is 65.59%, which is near median its 10-year median of 62.26 and 6% below the REITs industry median of 69.79. Heiwa Real Estate REIT's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current EBITDA Margin % is 65.59% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Heiwa Real Estate REIT (TSE:8966) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Real Estate REIT stock appears to be undervalued. The current stock price of 円135,500.00 is trading 16.9% below its estimated GF Value™ of 円163,138.94. GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.

Key valuation signals for TSE:8966:

  • EBITDA Margin %: 65.59% (near median its 10-year median of 62.26)
  • GF Value™: 円163,138.94 vs. price of 円135,500.00 (16.9% below fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 6% below the REITs median (#419 of 744)

No single metric tells the full story. See the TSE:8966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Real Estate REIT Business Description

Industry Real EstateREITs
Address 5-1, Nihonbashi-kabutocho, Chuo-ku, Tokyo, JPN, 105-6237
Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services.
70GF Score

Get the complete analysis for TSE:8966

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円135,500.00
Price
円163,138.94
GF Value