Heiwa Real Estate REIT (TSE:8966) OCF Yield %: 9.53 (As of Jul. 16, 2026) — 14% Above 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
View Full Analysis

What is Heiwa Real Estate REIT OCF Yield %?

Heiwa Real Estate REIT TSE:8966 +0.30% 70 OCF Yield % is 9.53 as of Jul. 16, 2026, which is 14% above its 10-year median of 8.39. 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 936 REITs companies, Heiwa Real Estate REIT ranks better than 66.67% on this metric.

OCF Yield % is calculated as Cash Flow from Operations divided by Market Capitalization. It is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

As of today, Heiwa Real Estate REIT's Trailing 12-Month Cash Flow from Operations is 円17,201 Mil, and Market Cap is 円182,049 Mil. Therefore, Heiwa Real Estate REIT's OCF Yield % for today is 9.53%.

The historical rank and industry rank for Heiwa Real Estate REIT's OCF Yield % or its related term are showing as below:

TSE:8966' s OCF Yield % Range Over the Past 10 Years
Min: 5.34   Med: 8.39   Max: 14.79
Current: 9.53


During the past 13 years, the highest OCF Yield % of Heiwa Real Estate REIT was 14.79%. The lowest was 5.34%. And the median was 8.39%.

TSE:8966's OCF Yield % is ranked better than
66.67% of 936 companies
in the REITs industry
Industry Median: 7.25 vs TSE:8966: 9.53

Heiwa Real Estate REIT's OCF Margin % for the quarter that ended in Nov. 2025 was %.


Heiwa Real Estate REIT OCF Yield % Explanation

Similar to Earnings Yield %, OCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high operating cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


Heiwa Real Estate REIT OCF Yield % Related Terms


Heiwa Real Estate REIT OCF Yield % Historical Data

* Premium members only.

The historical data trend for Heiwa Real Estate REIT's OCF Yield % 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 OCF Yield % Chart

Heiwa Real Estate REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
OCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.53 7.40 7.26 9.25 8.72

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
OCF Yield % 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 7.78 8.70 9.17 10.67 9.19

TSE:8966 vs VICI, WPC: OCF Yield % Comparison

For the REIT - Diversified subindustry, Heiwa Real Estate REIT's OCF Yield %, along with its competitors' market caps and OCF Yield % 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 OCF Yield % vs REITs Industry

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

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


TSE:8966
70GF Score
Heiwa Real Estate REIT Inc TSE:8966
OCF Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heiwa Real Estate REIT OCF Yield % Calculation

OCF Yield % is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

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

OCF Yield %=Cash Flow from Operations / Market Cap
=17201.22 / 197315.2
=8.72%

Heiwa Real Estate REIT's annualized OCF Yield % for the quarter that ended in Nov. 2025 is calculated as

OCF Yield %=Cash Flow from Operations * Annualized Factor / Market Cap
=9062.2 * 2 / 197315.2
=9.19%

* 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 OCF Yield % →
What does a OCF Yield % of 9.53 mean?
Heiwa Real Estate REIT (TSE:8966) has a OCF Yield % of 9.53 as of Jul. 16, 2026. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on Heiwa Real Estate REIT and its competitors. This is 14% above median its historical median of 8.39. Over the past decade, Heiwa Real Estate REIT's OCF Yield % has ranged from 5.34 to 14.79. According to the industry distribution chart, Heiwa Real Estate REIT ranks #312 out of 936 companies in the REITs industry, placing it in the top 33.3%.
Is Heiwa Real Estate REIT's OCF Yield % too high?
Heiwa Real Estate REIT's current OCF Yield % of 9.53 is 14% above median its 10-year median of 8.39. Over the past 10 years, this metric has ranged from a low of 5.34 to a high of 14.79. The REITs industry median OCF Yield % is 7.25. Heiwa Real Estate REIT's value of 9.53 is 31.4% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #312 out of 936 companies in the REITs industry, which is above 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 OCF Yield % compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #312 out of 936 companies for OCF Yield %. This puts Heiwa Real Estate REIT in the upper half of its industry. The industry median OCF Yield % is 7.25. Heiwa Real Estate REIT's value of 9.53 is 31.4% above this benchmark. Historically, Heiwa Real Estate REIT's own OCF Yield % has ranged from 5.34 to 14.79 over the past decade. While the company's 10-year median is 8.39 vs. the industry median of 7.25, Heiwa Real Estate REIT has consistently been above 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 OCF Yield % for a REITs company?
The median OCF Yield % among REITs companies is 7.25, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a OCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, OCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Real Estate REIT's current OCF Yield % of 9.53 is 31.4% above 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 OCF Yield % mean?
A high OCF Yield % can signal that a stock is expensive relative to its fundamentals. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on Heiwa Real Estate REIT and its competitors. For the REITs industry, the median OCF Yield % is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current OCF Yield % is 9.53, which is 14% above median its own 10-year median of 8.39. 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 OCF Yield % is 9.53, which is 14% above median its 10-year median of 8.39 and 31.4% above the REITs industry median of 7.25. 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 OCF Yield % calculated?
OCF Yield % is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current OCF Yield % is 9.53 as of Jul. 16, 2026. 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:

  • OCF Yield %: 9.53 (14% above median its 10-year median of 8.39)
  • 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: 31.4% above the REITs median (#312 of 936)

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

OCF Yield % 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