{"ticker": {"uuid": "d98cf7ac-23b9-4bba-b59d-098782c5b252", "symbol": "8966", "name": "Heiwa Real Estate REIT, Inc.", "exchange": "JPX", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "8966 closed the latest completed week at 134,900 JPY. The 4-week return is -2.2% and the 12-week return is -7.7%. Trend Signal is inactive, Market Dynamics is -1.31.", "description": "Heiwa Real Estate REIT, Inc., is an investment corporation. Under the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, including subsequent revisions, hereinafter referred to as the Investment Trust Act) by the founder (the former Canal Investment Trust Co., Ltd., now, Heiwa Real Estate REIT Asset Management, Inc., the Asset Management Company). Heiwa Real Estate REIT is an externally managed real estate fund, established as an investment corporation. Heiwa Real Estate REIT Asset Management, Inc., as Heiwa Real Estate REIT's asset management company, is engaged in acquiring, managing, leasing, and renovating office properties, residential properties and commercial properties. HEIWA REAL ESTATE CO., LTD. (Heiwa Real Estate REIT) currently own 100% of Heiwa Real Estate REIT Asset Management, Inc. Investment units in Heiwa Real Estate REIT have been listed on the Real Estate Investment Trust Section (J-REIT Section) of the Tokyo Stock Exchange since March 8, 2005. Subsequently, Heiwa Real Estate REIT issued new investment units through public offerings and third-party allotments on several occasions and executed an investment unit split and investment unit issuance due to a merger with Japan Single-residence REIT Inc. on October 1, 2010. As of May 31, 2025, Heiwa Real Estate REIT has ownership or trust beneficiary interests in 131 properties with approximately 326,131.40 square meters of rentable space and has leased space to 6,167 tenants. The occupancy rate for the properties is approximately 97.1%. Heiwa Real Estate REIT, Inc. was established on January 31, 2002 and incorporated in Japan.", "setup_signature": "Risk-first tape", "composite_score": "34", "kpis": [{"label": "Latest Close", "value": "134,900 JPY", "hint": "2026-06-12"}, {"label": "1W Return", "value": "2.6%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "-2.2%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-7.7%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "73.1%", "hint": "38 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.0x", "hint": "vs 13-week average"}], "classification": {"exchange": "JPX", "country": "JP", "sector": "Real Estate", "industry": "Reit - Diversified", "currency": "JPY", "market_cap": "168.7B"}, "price": {"trend_line": "146,167 JPY", "fair_value": "126,434 JPY", "vs_trend": "-7.7%", "vs_fair_value": "6.7%", "high_52": "159,413 JPY", "low_52": "125,670 JPY", "drawdown": "-15.4%", "range_position": "27.4%"}, "momentum": {"returns": [{"label": "1W", "value": 2.585551330798479, "value_label": "2.6%", "tone": "positive", "width": 7.387289516567083}, {"label": "4W", "value": -2.2069141125336356, "value_label": "-2.2%", "tone": "negative", "width": 6.305468892953245}, {"label": "12W", "value": -7.6687668343335815, "value_label": "-7.7%", "tone": "negative", "width": 21.910762383810233}, {"label": "26W", "value": -9.415410648704473, "value_label": "-9.4%", "tone": "negative", "width": 26.90117328201278}, {"label": "52W", "value": 6.941346320225127, "value_label": "6.9%", "tone": "positive", "width": 19.832418057786075}], "trend_streak": 0, "active_weeks": 38, "active_breadth": "73.1%", "peer": {"scope": "JP Real Estate", "count": 192, "rank": 37, "percentile": 81.15183246073299, "avg_weekly_return": 0.52521100533751}}, "setup": {"scores": [{"label": "Trend", "value": 40.192307692307686, "value_label": "40", "width": 40.192307692307686, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 38.02220739027242, "value_label": "38", "width": 38.02220739027242, "tone": "neutral", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 27.313140719093546, "value_label": "27", "width": 27.313140719093546, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 40.2793139274192, "value_label": "40", "width": 40.2793139274192, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 60.113233862120936, "value_label": "60", "width": 60.113233862120936, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 0.7726927886943216, "return_label": "0.8%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 6.43910657245268}, {"week": "6 Mar", "return": -3.3226854332266074, "return_label": "-3.3%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 27.689045276888397}, {"week": "13 Mar", "return": -1.1896814121435122, "return_label": "-1.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 9.914011767862602}, {"week": "20 Mar", "return": 0.6020079987287417, "return_label": "0.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 5.016733322739514}, {"week": "27 Mar", "return": -1.396283180200118, "return_label": "-1.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 11.635693168334317}, {"week": "3 Apr", "return": -1.2137586061786614, "return_label": "-1.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 10.114655051488846}, {"week": "10 Apr", "return": 0.8873752361880106, "return_label": "0.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.394793634900089}, {"week": "17 Apr", "return": 0.270637805889063, "return_label": "0.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "24 Apr", "return": -0.8097220038022974, "return_label": "-0.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 6.747683365019146}, {"week": "1 May", "return": 0.47619641600403356, "return_label": "0.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": -1.7603203897017659, "return_label": "-1.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.66933658084805}, {"week": "15 May", "return": -2.1364634520799406, "return_label": "-2.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 17.80386210066617}, {"week": "22 May", "return": -2.042253010612525, "return_label": "-2.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 17.01877508843771}, {"week": "29 May", "return": 0.4239410175856372, "return_label": "0.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "5 Jun", "return": -3.0950626381724393, "return_label": "-3.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 25.79218865143699}, {"week": "12 Jun", "return": 2.585551330798479, "return_label": "2.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 21.546261089987325}]}, "groups": {"sector": {"scope": "JP Real Estate", "count": 100, "avg_weekly_return": 2.1487453691860634, "avg_four_week_return": -2.312247803858528, "avg_twelve_week_return": -5.414069514974471, "trend_breadth": 14.000000000000002, "positive_md_breadth": 8.0, "positive_rs_breadth": 2.0, "week_rank": 31, "four_week_rank": 47, "twelve_week_rank": 55, "top_peers": [{"id": 25041, "symbol": "3480", "name": "J.S.B.Co.,Ltd.", "exchange": "JPX", "url": "/terminal/d85969ee-112a-40c7-88a4-0c7065c61952/report/", "weekly_return": 2.0618556701030926, "weekly_return_label": "2.1%", "weekly_return_tone": "positive", "four_week_return": 31.499051233396585, "four_week_return_label": "31.5%", "four_week_return_tone": "positive", "twelve_week_return": 105.63798219584571, "twelve_week_return_label": "105.6%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25012, "symbol": "3465", "name": "Ki-Star Real Estate Co.,Ltd", "exchange": "JPX", "url": "/terminal/86ab8df5-9ae2-425e-9807-00db36ec3a92/report/", "weekly_return": 7.162921348314606, "weekly_return_label": "7.2%", "weekly_return_tone": "positive", "four_week_return": 9.0, "four_week_return_label": "9.0%", "four_week_return_tone": "positive", "twelve_week_return": 20.139068879677826, "twelve_week_return_label": "20.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": false}, {"id": 31603, "symbol": "8975", "name": "Ichigo Office REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/57d72905-d6aa-4c4e-a90c-7582b1181684/report/", "weekly_return": 11.058263971462544, "weekly_return_label": "11.1%", "weekly_return_tone": "positive", "four_week_return": 6.742857142857144, "four_week_return_label": "6.7%", "four_week_return_tone": "positive", "twelve_week_return": -0.07495715539935581, "twelve_week_return_label": "-0.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24201, "symbol": "2780", "name": "Komehyo Holdings Co.,Ltd.", "exchange": "JPX", "url": "/terminal/ab898ed3-24ad-4c5b-8404-0e7c0df229db/report/", "weekly_return": -1.3435700575815739, "weekly_return_label": "-1.3%", "weekly_return_tone": "negative", "four_week_return": 6.528497409326425, "four_week_return_label": "6.5%", "four_week_return_tone": "positive", "twelve_week_return": 12.430531422151187, "twelve_week_return_label": "12.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 25010, "symbol": "3463", "name": "Ichigo Hotel REIT Investment Corporation", "exchange": "JPX", "url": "/terminal/04fb7644-262b-4adf-8a75-dccc120e0147/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 4.659832246039143, "four_week_return_label": "4.7%", "four_week_return_tone": "positive", "twelve_week_return": -3.189655172413793, "twelve_week_return_label": "-3.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}, "industry": {"scope": "JP Reit - Diversified", "count": 21, "avg_weekly_return": 2.113327762090532, "avg_four_week_return": -2.635737057681505, "avg_twelve_week_return": -7.451799123536706, "trend_breadth": 0.0, "positive_md_breadth": 0.0, "positive_rs_breadth": 0.0, "week_rank": 5, "four_week_rank": 9, "twelve_week_rank": 12, "top_peers": [{"id": 24754, "symbol": "3279", "name": "Activia Properties Inc.", "exchange": "JPX", "url": "/terminal/4ac9f7e8-0296-4bfc-bea6-4eff88ca57ec/report/", "weekly_return": 2.361005331302361, "weekly_return_label": "2.4%", "weekly_return_tone": "positive", "four_week_return": 0.8556360661142839, "four_week_return_label": "0.9%", "four_week_return_tone": "positive", "twelve_week_return": -5.577540065273301, "twelve_week_return_label": "-5.6%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 25022, "symbol": "3470", "name": "Marimo Regional Revitalization REIT, Inc.", "exchange": "JPX", "url": "/terminal/0e89d46b-915f-4ec3-9011-10a65f8a85af/report/", "weekly_return": 1.588785046728972, "weekly_return_label": "1.6%", "weekly_return_tone": "positive", "four_week_return": -1.0018214936247722, "four_week_return_label": "-1.0%", "four_week_return_tone": "negative", "twelve_week_return": -1.1818181818181819, "twelve_week_return_label": "-1.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 31600, "symbol": "8972", "name": "KDX Realty Investment Corporation", "exchange": "JPX", "url": "/terminal/dd0ab344-b666-4c6c-9b78-708ff8d0455a/report/", "weekly_return": 1.9404915912031047, "weekly_return_label": "1.9%", "weekly_return_tone": "positive", "four_week_return": -1.5, "four_week_return_label": "-1.5%", "four_week_return_tone": "negative", "twelve_week_return": -3.9515705047599035, "twelve_week_return_label": "-4.0%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 24372, "symbol": "2989", "name": "Tokaido REIT, Inc.", "exchange": "JPX", "url": "/terminal/6df68790-4e5e-43ef-9c4b-4be818cac4d6/report/", "weekly_return": 2.1934197407776668, "weekly_return_label": "2.2%", "weekly_return_tone": "positive", "four_week_return": -1.536983669548511, "four_week_return_label": "-1.5%", "four_week_return_tone": "negative", "twelve_week_return": -7.490974729241877, "twelve_week_return_label": "-7.5%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 25017, "symbol": "3468", "name": "Star Asia Investment Corporation", "exchange": "JPX", "url": "/terminal/0a177655-3d51-4399-ba63-38cb3c839804/report/", "weekly_return": 2.4299065420560746, "weekly_return_label": "2.4%", "weekly_return_tone": "positive", "four_week_return": -1.615798922800718, "four_week_return_label": "-1.6%", "four_week_return_tone": "negative", "twelve_week_return": -5.679862306368331, "twelve_week_return_label": "-5.7%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "-1.31", "market_dynamics_tone": "negative", "md_4_change": "11.5%", "relative_strength": "-28.71", "rs_4_change": "-19.3%", "expectation": "Negative", "expectation_probability": "44.75%"}, "volume": {"latest": "24.3K", "average_13": "25.3K", "average_52": "16.7K", "ratio_13": "1.0x", "ratio_52": "1.5x"}, "risk": {"volatility_13": "1.5%", "volatility_52": "1.7%", "downside_weeks": 19, "upside_weeks": 32, "downside_breadth": "36.5%", "average_gain": "1.3%", "average_loss": "-1.7%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-7.7%", "tone": "negative"}, {"label": "Volume", "value": "1.0x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Market Dynamics is negative, which weakens the current setup."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "134,900 JPY", "weekly_return": 2.585551330798479, "weekly_return_label": "2.6%", "weekly_return_tone": "positive", "trend_line": "146,167 JPY", "fair_value": "126,434 JPY", "market_dynamics": "-1.31", "relative_strength": "-28.71", "volume": "24.3K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "131,500 JPY", "weekly_return": -3.0950626381724393, "weekly_return_label": "-3.1%", "weekly_return_tone": "negative", "trend_line": "146,693 JPY", "fair_value": "126,376 JPY", "market_dynamics": "-1.33", "relative_strength": "-31.69", "volume": "86.7K", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "135,700 JPY", "weekly_return": 0.4239410175856372, "weekly_return_label": "0.4%", "weekly_return_tone": "positive", "trend_line": "147,254 JPY", "fair_value": "126,372 JPY", "market_dynamics": "-1.33", "relative_strength": "-29.84", "volume": "49.5K", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "135,127 JPY", "weekly_return": -2.042253010612525, "weekly_return_label": "-2.0%", "weekly_return_tone": "negative", "trend_line": "147,608 JPY", "fair_value": "126,348 JPY", "market_dynamics": "-1.37", "relative_strength": "-27.39", "volume": "52.4K", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "137,944 JPY", "weekly_return": -2.1364634520799406, "weekly_return_label": "-2.1%", "weekly_return_tone": "negative", "trend_line": "147,981 JPY", "fair_value": "126,325 JPY", "market_dynamics": "-1.48", "relative_strength": "-24.08", "volume": "16.3K", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "140,956 JPY", "weekly_return": -1.7603203897017659, "weekly_return_label": "-1.8%", "weekly_return_tone": "negative", "trend_line": "148,217 JPY", "fair_value": "126,303 JPY", "market_dynamics": "-1.55", "relative_strength": "-24.51", "volume": "16.9K", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "143,482 JPY", "weekly_return": 0.47619641600403356, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "trend_line": "148,301 JPY", "fair_value": "126,249 JPY", "market_dynamics": "-1.64", "relative_strength": "-19.55", "volume": "14.1K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "142,802 JPY", "weekly_return": -0.8097220038022974, "weekly_return_label": "-0.8%", "weekly_return_tone": "negative", "trend_line": "148,282 JPY", "fair_value": "126,194 JPY", "market_dynamics": "-1.62", "relative_strength": "-20.68", "volume": "9.6K", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "143,967 JPY", "weekly_return": 0.270637805889063, "weekly_return_label": "0.3%", "weekly_return_tone": "positive", "trend_line": "148,356 JPY", "fair_value": "126,128 JPY", "market_dynamics": "-1.53", "relative_strength": "-18.84", "volume": "9.2K", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "143,579 JPY", "weekly_return": 0.8873752361880106, "weekly_return_label": "0.9%", "weekly_return_tone": "positive", "trend_line": "148,324 JPY", "fair_value": "126,036 JPY", "market_dynamics": "-1.52", "relative_strength": "-17.38", "volume": "9.2K", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "142,316 JPY", "weekly_return": -1.2137586061786614, "weekly_return_label": "-1.2%", "weekly_return_tone": "negative", "trend_line": "148,327 JPY", "fair_value": "125,946 JPY", "market_dynamics": "-1.43", "relative_strength": "-12.79", "volume": "16.8K", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "144,064 JPY", "weekly_return": -1.396283180200118, "weekly_return_label": "-1.4%", "weekly_return_tone": "negative", "trend_line": "148,259 JPY", "fair_value": "125,868 JPY", "market_dynamics": "-1.24", "relative_strength": "-12.53", "volume": "15.5K", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "146,104 JPY", "weekly_return": 0.6020079987287417, "weekly_return_label": "0.6%", "weekly_return_tone": "positive", "trend_line": "148,214 JPY", "fair_value": "125,758 JPY", "market_dynamics": "-1.18", "relative_strength": "-11.57", "volume": "8.7K", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "145,230 JPY", "weekly_return": -1.1896814121435122, "weekly_return_label": "-1.2%", "weekly_return_tone": "negative", "trend_line": "148,121 JPY", "fair_value": "125,625 JPY", "market_dynamics": "-1.11", "relative_strength": "-13.03", "volume": "14.9K", "trend_signal": "Off"}], "chart_url": "/terminal/d98cf7ac-23b9-4bba-b59d-098782c5b252/", "api_path": "/terminal/d98cf7ac-23b9-4bba-b59d-098782c5b252/report/api/"}