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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Heiwa Real Estate REIT's selling, general, & admin. expense for the
six
months ended in May. 2026 was 円898 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in May. 2026 was 円1,768 Mil.
Heiwa Real Estate REIT (TSE:8966) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Heiwa Real Estate REIT Selling, General, & Admin. Expense Related Terms
Heiwa Real Estate REIT Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Heiwa Real Estate REIT's Selling, General, & Admin. 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 Selling, General, & Admin. Expense Chart
TSE:8966 vs VICI, WPC: Selling, General, & Admin. Expense Comparison
For the REIT - Diversified subindustry, Heiwa Real Estate REIT's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's Selling, General, & Admin. Expense falls into.
Heiwa Real Estate REIT Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. 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1,768 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 Selling, General, & Admin. Expense of 円1,768 Mil mean?
Heiwa Real Estate REIT (TSE:8966) has a Selling, General, & Admin. Expense of 円1,768 Mil as of May. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Heiwa Real Estate REIT and its competitors.
Is Heiwa Real Estate REIT's Selling, General, & Admin. Expense too high?
Heiwa Real Estate REIT's current Selling, General, & Admin. Expense is 円1,768 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 Selling, General, & Admin. Expense compare to VICI and WPC?
Heiwa Real Estate REIT's Selling, General, & Admin. Expense of 円1,768 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 Selling, General, & Admin. Expense for a REITs company?
A good Selling, General, & Admin. Expense depends on the REITs industry context. However, Selling, General, & Admin. 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Heiwa Real Estate REIT and its competitors. Heiwa Real Estate REIT's current Selling, General, & Admin. Expense is 円1,768 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157,349.81, compared to a current price of 円133,400.00 — trading 15.2% below its estimated fair value. The current Selling, General, & Admin. Expense is 円1,768 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 Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current Selling, General, & Admin. Expense is 円1,768 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133,400.00 is trading 15.2% below its estimated GF Value™ of 円157,349.81.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
Selling, General, & Admin. Expense: 円1,768 Mil
GF Value™: 円157,349.81 vs. price of 円133,400.00 (15.2% below fair value)
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 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
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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