Heiwa Real Estate REIT (TSE:8966) Other Operating Expense: 円443 Mil (TTM As of May. 2026)

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TSE:8966 Heiwa Real Estate REIT Inc TSE:8966
73 GF Score
Price 円132,000.00
GF Value 円157,320.61
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Heiwa Real Estate REIT Other Operating Expense?

Heiwa Real Estate REIT TSE:8966 -0.45% 73 Other Operating Expense is 円443 Mil as of May. 2026. GuruFocus rates TSE:8966 with a GF Score™ of 73/100 and a GF Value™ of 円157,320.61 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Heiwa Real Estate REIT's Other Operating Expense for the six months ended in May. 2026 was 円217 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in May. 2026 was 円443 Mil.

Heiwa Real Estate REIT's quarterly Other Operating Expense increased from May. 2025 (円204 Mil) to Nov. 2025 (円226 Mil) but then declined from Nov. 2025 (円226 Mil) to May. 2026 (円217 Mil).

Heiwa Real Estate REIT's annual Other Operating Expense increased from Nov. 2023 (円365 Mil) to Nov. 2024 (円370 Mil) and increased from Nov. 2024 (円370 Mil) to Nov. 2025 (円430 Mil).

Heiwa Real Estate REIT Other Operating Expense Historical Data

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The historical data trend for Heiwa Real Estate REIT's Other Operating Expense 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 Other Operating Expense Chart

Heiwa Real Estate REIT Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 298.16 332.66 365.42 370.00 430.07

Heiwa Real Estate REIT Semi-Annual Data
Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25 May26
Other Operating Expense 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 181.85 188.15 204.21 225.86 217.17
TSE:8966
73GF Score
Heiwa Real Estate REIT Inc TSE:8966
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Heiwa Real Estate REIT Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in May. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円443 Mil.

* 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.

What does a Other Operating Expense of 円443 Mil mean?
Heiwa Real Estate REIT (TSE:8966) has a Other Operating Expense of 円443 Mil as of May. 2026. Other operating expenses that a company records on its income statement. View historical data on Heiwa Real Estate REIT and its competitors.
Is Heiwa Real Estate REIT's Other Operating Expense too high?
Heiwa Real Estate REIT's current Other Operating Expense is 円443 Mil. Overall, Heiwa Real Estate REIT has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's Other Operating Expense compare to VICI and WPC?
Heiwa Real Estate REIT's Other Operating Expense of 円443 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Operating Expense for a REITs company?
A good Other Operating Expense depends on the REITs industry context. However, Other Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Heiwa Real Estate REIT and its competitors. Heiwa Real Estate REIT's current Other Operating Expense is 円443 Mil. 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157,320.61, compared to a current price of 円132,000.00 — trading 16.1% below its estimated fair value. The current Other Operating Expense is 円443 Mil. Heiwa Real Estate REIT's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current Other Operating Expense is 円443 Mil as of May. 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132,000.00 is trading 16.1% below its estimated GF Value™ of 円157,320.61. GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.

Key valuation signals for TSE:8966:

  • Other Operating Expense: 円443 Mil
  • GF Value™: 円157,320.61 vs. price of 円132,000.00 (16.1% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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.
73GF Score

Get the complete analysis for TSE:8966

Other Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円132,000.00
Price
円157,320.61
GF Value