Want to see JP:8976 full AI Analyst Report?
8976 Stock Chart & Stats
¥374500.00
¥200.00(0.07%)
At close: 4:00 PM EST
¥374500.00
¥200.00(0.07%)
Day’s Range― - ―
52-Week Range¥308,500.00 - ¥391,000.00
Previous CloseN/A
Volume1.15K
Average Volume (3M)1.33K
Market Cap
¥302.86B
Enterprise Value¥505.76K
Total Cash (Recent Filing)¥30.74B
Total Debt (Recent Filing)¥239.25B
Price to Earnings (P/E)19.7
Beta0.11
Next Earnings
Jan 21, 2027EPS Estimate
7,082.9Next Dividend Ex-DateN/A
Dividend Yield4.83%
Share Statistics
EPS (TTM)16465.64
Shares Outstanding934,745
10 Day Avg. Volume992
30 Day Avg. Volume1,334
Financial Highlights & Ratios
PEG Ratio2.69
Price to Book (P/B)1.45
Price to Sales (P/S)9.40
P/FCF Ratio16.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥335,000.00Price Target Upside-10.55% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)15,798.44
Revenue Forecast (FY)¥30.00B
Bulls Say, Bears Say
Bulls Say
Historic Operating And Net MarginsConsistently strong operating and net margins through 2020–2025 provide a durable earnings cushion that supports regular distributions. Margin strength helps absorb localized vacancy or rent pressure, underpinning predictable cash generation and credit metrics for the REIT over the medium term.
2025 Revenue And Free Cash Flow ReboundA material revenue rebound in 2025 alongside a ~14.7% rise in free cash flow signals improving leasing performance and portfolio stabilization. This recovery strengthens distributable cash, reduces near-term refinancing pressure, and improves the REIT's ability to execute medium-term asset management and capital allocation plans.
Stable Leasing-based J-REIT Business ModelA leasing-focused J-REIT model yields predictable contractual cashflows and recurring rental income, supporting stable distributions. The external asset manager setup provides scalable operations and professional property management, aiding long-term asset upkeep and consistent income generation.
Bears Say
Margin Erosion Since 2021–2022A downward margin trend since 2021–2022 reduces the buffer between revenue and payout obligations. Persistent margin compression can limit reinvestment, reduce distributable income over time, and indicate structural cost or pricing pressure that would weaken long-term profitability if not reversed.
Uneven Cash Conversion And Low OCF CoverageOperating cash flow consistently below earnings and FCF covering ~40% of net income in 2024 show earnings don't reliably convert to cash. This uneven conversion elevates refinancing and payout risk, may force asset sales or external funding, and reduces resilience to prolonged market stress.
Meaningful Leverage With Gradual UptickDebt-to-equity near 0.8–0.9 and a gradual rise in leverage limits balance sheet flexibility. In a higher-rate environment this increases interest-service and refinancing vulnerability, and combined with modest ROE (~5–6%) constrains the REIT's capacity for accretive acquisitions or cushioning distribution volatility.
Daiwa Office Investment Corporation News
8976 FAQ
What was Daiwa Office Investment Corporation’s price range in the past 12 months?
Daiwa Office Investment Corporation lowest stock price was ¥308500.00 and its highest was ¥391000.00 in the past 12 months.
What is Daiwa Office Investment Corporation’s market cap?
Daiwa Office Investment Corporation’s market cap is ¥302.86B.
When is Daiwa Office Investment Corporation’s upcoming earnings report date?
Daiwa Office Investment Corporation’s upcoming earnings report date is Jan 21, 2027 which is in 150 days.
How were Daiwa Office Investment Corporation’s earnings last quarter?
Daiwa Office Investment Corporation released its earnings results on Jul 17, 2026. The company reported ¥8468 earnings per share for the quarter, beating the consensus estimate of ¥8430 by ¥38.
Is Daiwa Office Investment Corporation overvalued?
According to Wall Street analysts Daiwa Office Investment Corporation’s price is currently Overvalued.
Does Daiwa Office Investment Corporation pay dividends?
Daiwa Office Investment Corporation pays a Semiannually dividend of ¥7170 which represents an annual dividend yield of 4.83%. See more information on Daiwa Office Investment Corporation dividends here
What is Daiwa Office Investment Corporation’s EPS estimate?
Daiwa Office Investment Corporation’s EPS estimate is 7,082.9.
How many shares outstanding does Daiwa Office Investment Corporation have?
Daiwa Office Investment Corporation has 934,745 shares outstanding.
What happened to Daiwa Office Investment Corporation’s price movement after its last earnings report?
Daiwa Office Investment Corporation reported an EPS of ¥8468 in its last earnings report, beating expectations of ¥8430. Following the earnings report the stock price went up 1.227%.
Which hedge fund is a major shareholder of Daiwa Office Investment Corporation?
Currently, no hedge funds are holding shares in JP:8976
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Daiwa Office Investment Corporation
Daiwa Office Investment Corporation (8976) is a Japanese real estate investment trust (J-REIT) that invests primarily in income-producing office properties in Japan. The REIT’s business is to acquire, own, and manage a portfolio of real estate assets (mainly offices) and distribute earnings to unitholders, with day-to-day asset management functions typically handled by its external asset manager in accordance with J-REIT structure.
8976 Stock 12 Month Forecast
Average Price Target
¥335,000
▼(-10.55% Downside)
Technical Analysis
Japan Real Estate Investment
―
Nippon Building
―
Hulic Reit, Inc.
―
ORIX JREIT Inc.
―
Ichigo Office REIT Investment Corporation
―