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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Heiwa Real Estate REIT's operating assets for the quarter that ended in Nov. 2025 was 円258,737 Mil. Heiwa Real Estate REIT's operating liabilities for the quarter that ended in Nov. 2025 was 円11,407 Mil. Heiwa Real Estate REIT's Total Assets for the quarter that ended in May. 2025 was 円262,405 Mil. Therefore, Heiwa Real Estate REIT's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.94.
Heiwa Real Estate REIT Scaled Net Operating Assets Related Terms
Heiwa Real Estate REIT Scaled Net Operating Assets Historical Data
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The historical data trend for Heiwa Real Estate REIT's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart
TSE:8966 vs VICI, WPC: Scaled Net Operating Assets Comparison
For the REIT - Diversified subindustry, Heiwa Real Estate REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's Scaled Net Operating Assets falls into.
* 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 Scaled Net Operating Assets of 0.94 mean?
Heiwa Real Estate REIT (TSE:8966) has a Scaled Net Operating Assets of 0.94 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Heiwa Real Estate REIT and its competitors.
Is Heiwa Real Estate REIT's Scaled Net Operating Assets too high?
Heiwa Real Estate REIT's current Scaled Net Operating Assets is 0.94. 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 Scaled Net Operating Assets compare to VICI and WPC?
Heiwa Real Estate REIT's Scaled Net Operating Assets of 0.94 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Heiwa Real Estate REIT and its competitors. Heiwa Real Estate REIT's current Scaled Net Operating Assets is 0.94. 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 Scaled Net Operating Assets is 0.94. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current Scaled Net Operating Assets is 0.94 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:
Scaled Net Operating Assets: 0.94
GF Value™: 円163,138.94 vs. price of 円135,500.00 (16.9% 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.
70GF Score
Get the complete analysis for TSE:8966
Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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