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Daiwa House REIT Investment Corporation
(8984)
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Rating:61Neutral
Price Target:
¥113,940
▼(-20.43% Downside)
Action:Reiterated
Date:10/20/26
The score is held back primarily by weakening recent fundamentals (lower revenue and net income) and a bearish technical setup (price below key moving averages with negative MACD). Offsetting factors include still-strong underlying profitability and an attractive dividend yield, though cash-flow volatility and only moderate ROE limit the upside.
Positive Factors
Sustained Profitability
Persistently high net margins indicate that the REIT’s property portfolio has continued generating strong profitability after operating and corporate costs. This provides a durable earnings base and supports distributions, even though the latest period shows some pressure on revenue and net income.
Negative Factors
Revenue and Profit Decline
The latest decline in revenue and net income signals a weaker growth trajectory for the portfolio, despite still-solid profitability. If this pressure persists, it could reduce distributable earnings and limit the REIT’s ability to grow returns without additional acquisitions or operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Persistently high net margins indicate that the REIT’s property portfolio has continued generating strong profitability after operating and corporate costs. This provides a durable earnings base and supports distributions, even though the latest period shows some pressure on revenue and net income.
Read all positive factors
Daiwa House REIT Investment Corporation (8984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥503.47B
Dividend Yield5.75%
Average Volume (3M)11.80K
Price to Earnings (P/E)20.7
Beta (1Y)0.12
Revenue Growth-8.82%
EPS Growth-12.80%
CountryJP
Employees33
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)5350.00
Shares Outstanding4,539,845
10 Day Avg. Volume10,261
30 Day Avg. Volume11,799
Financial Highlights & Ratios
PEG Ratio-1.70
Price to Book (P/B)1.08
Price to Sales (P/S)7.41
P/FCF Ratio13.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥116,000.00Price Target Upside-18.99% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)5,335.28
Revenue Forecast (FY)¥47.40B
Daiwa House REIT Investment Corporation Business Overview & Revenue Model
Company Description
Effective September 1, 2016, Daiwa House REIT Investment Corporation initiated a new phase as a diversified real estate investment trust, following its merger with Daiwa House Residential Investment Corporation. This integration saw the combined e...
How the Company Makes Money
Daiwa House REIT Investment Corporation primarily makes money by owning and leasing real estate and distributing the resulting cash flow to unitholders. Its main revenue stream is rental revenue (lease income) collected from tenants across its pro...
Daiwa House REIT Investment Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 71.79B | 66.72B | 61.90B | 59.06B | 59.63B |
| Gross Profit | 14.70B | 40.97B | 36.25B | 30.36B | 35.02B |
| EBITDA | 43.60B | 46.34B | 42.60B | 40.21B | 39.98B |
| Net Income | 24.35B | 28.19B | 20.43B | 22.35B | 22.73B |
Balance Sheet | |||||
| Total Assets | 933.64B | 948.10B | 963.49B | 958.75B | 963.57B |
| Cash, Cash Equivalents and Short-Term Investments | 43.34B | 31.77B | 26.72B | 54.88B | 50.03B |
| Total Debt | 407.95B | 410.95B | 420.55B | 407.55B | 407.55B |
| Total Liabilities | 442.14B | 443.15B | 454.12B | 440.57B | 441.75B |
| Stockholders Equity | 491.50B | 504.94B | 509.37B | 518.17B | 521.82B |
Cash Flow | |||||
| Free Cash Flow | 38.51B | 47.43B | 8.83B | 31.09B | -36.91B |
| Operating Cash Flow | 49.42B | 54.95B | 50.21B | 37.39B | 41.61B |
| Investing Cash Flow | -16.63B | -8.14B | -41.99B | -6.40B | -76.99B |
| Financing Cash Flow | -40.78B | -42.25B | -16.33B | -26.14B | 38.08B |
Daiwa House REIT Investment Corporation Technical Analysis
Neutral
143200.00
Price Trends
113251.13
Negative
115586.75
Negative
121187.07
Negative
Market Momentum
-1216.02
Negative
52.41
Neutral
66.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8984, the sentiment is Neutral. The current price of 143200 is above the 20-day moving average (MA) of 109110.00, above the 50-day MA of 113251.13, and above the 200-day MA of 121187.07, indicating a neutral trend. The MACD of -1216.02 indicates Negative momentum. The RSI at 52.41 is Neutral, neither overbought nor oversold. The STOCH value of 66.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8984.
Daiwa House REIT Investment Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥294.82B | 13.62 | 7.47% | 7.41% | 5.14% | -0.41% | |
66 Neutral | ¥300.84B | 18.98 | 5.91% | 4.99% | 23.60% | 16.04% | |
63 Neutral | ¥279.43B | 21.17 | ― | 4.37% | 17.73% | 13.26% | |
61 Neutral | ¥503.47B | 20.71 | ― | 5.75% | -8.82% | -12.80% | |
60 Neutral | ¥492.80B | 17.84 | 7.25% | 5.67% | -1.59% | 7.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8984
Daiwa House REIT Investment Corporation
110,900.00
-15,269.75
-12.10%
JP:3279
Activia Properties
126,600.00
-7,980.22
-5.93%
JP:3309
Sekisui House Reit
68,500.00
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-11.31%
JP:8960
United Urban Investment
154,000.00
-25,155.72
-14.04%
JP:3226
Nippon Accommodations Fund Inc.
111,000.00
-16,917.80
-13.23%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
99,700.00
-6,718.60
-6.31%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.