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Daiwa Securities Living Investment
(8986)
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Rating:66Neutral
Price Target:
¥89,856.00
▼(-5.01% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (strong growth, stable leverage, improving but imperfect cash-flow conversion). This is partly offset by weak technicals (below key moving averages with negative MACD and subdued RSI/Stoch). Valuation is a secondary positive, supported by the 5.49% dividend yield alongside a moderate P/E.
Positive Factors
Revenue and profitability
The strong revenue increase and high reported margins indicate robust operating performance and meaningful earnings capacity. If maintained, this profitability can support property investment, distributions, and resilience across the next several reporting periods.
Negative Factors
Margin contraction
Margin contraction is a durable watchpoint because declining profitability can reduce the earnings produced by each unit of revenue. If cost pressures or pricing challenges persist, future revenue growth may translate into slower profit and distribution growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability
The strong revenue increase and high reported margins indicate robust operating performance and meaningful earnings capacity. If maintained, this profitability can support property investment, distributions, and resilience across the next several reporting periods.
Read all positive factors
Daiwa Securities Living Investment (8986) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥200.19B
Dividend Yield6.13%
Average Volume (3M)7.38K
Price to Earnings (P/E)14.9
Beta (1Y)0.12
Revenue Growth41.67%
EPS Growth1.13%
CountryJP
Employees469
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)5636.12
Shares Outstanding2,386,042
10 Day Avg. Volume6,274
30 Day Avg. Volume7,383
Financial Highlights & Ratios
PEG Ratio1.24
Price to Book (P/B)1.37
Price to Sales (P/S)6.31
P/FCF Ratio16.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5,075.35
Revenue Forecast (FY)¥28.56B
Daiwa Securities Living Investment Business Overview & Revenue Model
Company Description
Daiwa Securities Living Investment Corporation based on the provisions of the Act on Investment Trusts and Investment Corporations and listed as a housing-specific REIT on the Tokyo Stock Exchange Real Estate Investment Trust market on June 22, 20...
How the Company Makes Money
As a J-REIT, Daiwa Securities Living Investment primarily makes money by owning income-producing residential real estate and collecting rental income from tenants. Its core revenue stream is lease-related income (rent and associated charges) gener...
Daiwa Securities Living Investment Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.42B | 40.85B | 27.44B | 24.67B | 22.70B | 21.30B |
| Gross Profit | 8.25B | 11.48B | 16.74B | 14.54B | 13.20B | 12.55B |
| EBITDA | 21.50B | 21.66B | 18.68B | 17.00B | 15.67B | 14.66B |
| Net Income | 13.47B | 13.82B | 12.02B | 10.35B | 9.27B | 8.89B |
Balance Sheet | ||||||
| Total Assets | 401.02B | 400.13B | 400.09B | 367.53B | 353.68B | 336.30B |
| Cash, Cash Equivalents and Short-Term Investments | 18.18B | 12.83B | 8.17B | 18.70B | 14.77B | 12.08B |
| Total Debt | 204.74B | 204.74B | 204.74B | 188.14B | 181.69B | 172.69B |
| Total Liabilities | 212.67B | 215.95B | 212.26B | 195.54B | 188.46B | 179.01B |
| Stockholders Equity | 188.34B | 187.58B | 187.82B | 172.00B | 165.22B | 157.30B |
Cash Flow | ||||||
| Free Cash Flow | 18.76B | 15.42B | -28.40B | 1.32B | -3.85B | -15.88B |
| Operating Cash Flow | 43.32B | 29.79B | 26.53B | 24.57B | 14.40B | 13.12B |
| Investing Cash Flow | -24.91B | -14.48B | -56.87B | -23.32B | -18.09B | -28.68B |
| Financing Cash Flow | -15.01B | -14.35B | 20.34B | 2.84B | 7.60B | 17.19B |
Daiwa Securities Living Investment Technical Analysis
Negative
94600.00
Price Trends
89241.01
Negative
92586.60
Negative
99897.68
Negative
Market Momentum
-1948.48
Positive
25.97
Positive
23.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8986, the sentiment is Negative. The current price of 94600 is above the 20-day moving average (MA) of 85424.13, above the 50-day MA of 89241.01, and below the 200-day MA of 99897.68, indicating a bearish trend. The MACD of -1948.48 indicates Positive momentum. The RSI at 25.97 is Positive, neither overbought nor oversold. The STOCH value of 23.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8986.
Daiwa Securities Living Investment Peers Comparison
UnderperformOutperform
Sector (65)
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 | ¥200.19B | 14.89 | 7.17% | 6.13% | 41.67% | 1.13% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥388.34B | 21.47 | 7.28% | 4.76% | -3.67% | 9.35% | |
63 Neutral | ¥279.43B | 21.17 | ― | 4.37% | 17.73% | 13.26% | |
61 Neutral | ¥221.25B | 20.53 | ― | 4.57% | 17.32% | 9.81% |
* Real Estate Sector Average
JP:8986
Daiwa Securities Living Investment
83,900.00
-22,881.77
-21.43%
JP:3269
Advance Residence Investment
135,500.00
-27,693.36
-16.97%
JP:3309
Sekisui House Reit
68,500.00
-8,733.12
-11.31%
JP:3226
Nippon Accommodations Fund Inc.
111,000.00
-16,917.80
-13.23%
JP:3282
Comforia Residential REIT, Inc.
90,500.00
-15,054.05
-14.26%
JP:3459
Samty Residential Investment Corp.
81,900.00
-26,874.32
-24.71%
Daiwa Securities Living Investment Corporate Events
Daiwa Securities Living REIT Adds JPY 2.3 Billion Loan to Fund Rental Housing Acquisitions
Sep 30, 2026
Daiwa Securities Living Investment Corporation has arranged a new short-term bank loan totaling JPY 2.3 billion to finance part of the acquisition cost for four domestic rental housing properties scheduled to close on October 8, 2026. The funds wi...
Daiwa Securities Living REIT Refines Tokyo Portfolio with Housing Acquisitions and Asset Sale
Sep 30, 2026
Daiwa Securities Living Investment Corporation has agreed to acquire four rental housing properties in Tokyo’s Taito and Sumida wards for an anticipated total of ¥5.843 billion, below their combined appraisal value, with closing schedul...
Daiwa Securities Living REIT Locks In Rates with New Interest-Rate Swaps
Sep 28, 2026
Daiwa Securities Living Investment Corporation has entered into interest-rate swap agreements to convert a portion of its JPY 3.6 billion floating-rate loans into fixed-rate obligations, aiming to hedge against the risk of rising interest rates. T...
Daiwa Securities Living Investment Cuts Debt and Extends Loan Maturities
Sep 24, 2026
Daiwa Securities Living Investment Corporation will refinance a ¥500 million loan from Sumitomo Mitsui Trust Bank, extending its maturity to 2030 on a floating-rate basis tied to JBA 3-month yen TIBOR. The proceeds will replace an existing bo...
Daiwa Securities Living REIT Issues AA-Rated Bonds to Refinance Debt
Sep 16, 2026
Daiwa Securities Living Investment Corporation has decided to issue two series of unsecured investment corporation bonds through public offerings, totaling JPY 4.3 billion in approximate net proceeds. The 5th series amounts to JPY 3.1 billion with...
Daiwa Securities Living Investment Sells Tokyo Residential Asset Above Appraisal
Aug 20, 2026
Daiwa Securities Living Investment Corporation will dispose of the Profit Link Takenotsuka residential property in Adachi-ku, Tokyo, under a sale agreement signed on August 20, 2026, with completion scheduled for September 24, 2026. The anticipate...
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.