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Heiwa Real Estate REITTSE:8966 +0.15%71 5-Year Yield-on-Cost % is 8.80 as of Aug. 15, 2026, which is 45% above its 10-year median of 6.08. GuruFocus rates TSE:8966 with a GF Score™ of 71/100 and a GF Value™ of 円157,087.01 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 857 REITs companies, Heiwa Real Estate REIT ranks better than 60.44% on this metric.
Heiwa Real Estate REIT's yield on cost for the quarter that ended in May. 2026 was 8.80.
The historical rank and industry rank for Heiwa Real Estate REIT's 5-Year Yield-on-Cost % or its related term are showing as below:
TSE:8966'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 4.29 Med: 6.08 Max: 10.9
Current: 8.8
During the past 13 years, Heiwa Real Estate REIT's highest Yield on Cost was 10.90. The lowest was 4.29. And the median was 6.08.
TSE:8966's 5-Year Yield-on-Cost % is ranked better than 60.44% of 857
companies
in the REITs industry
Industry Median: 7.36
vs TSE:8966: 8.80
Heiwa Real Estate REIT (TSE:8966) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Heiwa Real Estate REIT 5-Year Yield-on-Cost % Related Terms
TSE:8966 vs VICI, WPC: 5-Year Yield-on-Cost % Comparison
For the REIT - Diversified subindustry, Heiwa Real Estate REIT's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Heiwa Real Estate REIT's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Heiwa Real Estate REIT's 5-Year Yield-on-Cost % falls into.
Heiwa Real Estate REIT 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Heiwa Real Estate REIT (TSE:8966) has a 5-Year Yield-on-Cost % of 8.80 as of Aug. 15, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Heiwa Real Estate REIT and its competitors. This is 45% above median its historical median of 6.08. Over the past decade, Heiwa Real Estate REIT's 5-Year Yield-on-Cost % has ranged from 4.29 to 10.90. According to the industry distribution chart, Heiwa Real Estate REIT ranks #339 out of 857 companies in the REITs industry, placing it in the top 39.6%.
Is Heiwa Real Estate REIT's 5-Year Yield-on-Cost % too high?
Heiwa Real Estate REIT's current 5-Year Yield-on-Cost % of 8.80 is 45% above median its 10-year median of 6.08. Over the past 10 years, this metric has ranged from a low of 4.29 to a high of 10.90. The REITs industry median 5-Year Yield-on-Cost % is 7.36. Heiwa Real Estate REIT's value of 8.80 is 19.6% above this industry median. Based on the distribution chart, Heiwa Real Estate REIT ranks #339 out of 857 companies in the REITs industry, which is above the industry midpoint. Overall, Heiwa Real Estate REIT has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Real Estate REIT's 5-Year Yield-on-Cost % compare to VICI and WPC?
According to the REITs industry distribution chart, Heiwa Real Estate REIT ranks #339 out of 857 companies for 5-Year Yield-on-Cost %. This puts Heiwa Real Estate REIT in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 7.36. Heiwa Real Estate REIT's value of 8.80 is 19.6% above this benchmark. Historically, Heiwa Real Estate REIT's own 5-Year Yield-on-Cost % has ranged from 4.29 to 10.90 over the past decade. While the company's 10-year median is 6.08 vs. the industry median of 7.36, 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.36, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Real Estate REIT's current 5-Year Yield-on-Cost % of 8.80 is 19.6% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Heiwa Real Estate REIT and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Real Estate REIT's current 5-Year Yield-on-Cost % is 8.80, which is 45% above median its own 10-year median of 6.08. 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157,087.01, compared to a current price of 円132,200.00 — trading 15.8% below its estimated fair value. The current 5-Year Yield-on-Cost % is 8.80, which is 45% above median its 10-year median of 6.08 and 19.6% above the REITs industry median of 7.36. Heiwa Real Estate REIT's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Heiwa Real Estate REIT (TSE:8966), the current 5-Year Yield-on-Cost % is 8.80 as of Aug. 15, 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132,200.00 is trading 15.8% below its estimated GF Value™ of 円157,087.01.
GuruFocus considers Heiwa Real Estate REIT to be Modestly Undervalued.
Key valuation signals for TSE:8966:
5-Year Yield-on-Cost %: 8.80 (45% above median its 10-year median of 6.08)
GF Value™: 円157,087.01 vs. price of 円132,200.00 (15.8% below fair value)
Industry Position: 19.6% above the REITs median (#339 of 857)
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.
71GF Score
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5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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