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Daiwa Securities Living Investment
(8986)
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Rating:66Neutral
Price Target:
¥103,464
▲(5.25% Upside)
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 Growth
Almost 49% revenue growth reflects meaningful portfolio expansion or successful rent recovery, improving the REIT's core cash-generating capacity. Sustained top-line growth increases visibility for distributions and funds future maintenance and acquisitions over the medium term.
Negative Factors
Margin Contraction Risk
Although margins remain healthy, the noted contraction suggests rising operating costs or weaker rent uplifts. Persistent margin erosion would reduce distributable income and limit reinvestment, pressuring long-term payout sustainability and requiring stricter cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Almost 49% revenue growth reflects meaningful portfolio expansion or successful rent recovery, improving the REIT's core cash-generating capacity. Sustained top-line growth increases visibility for distributions and funds future maintenance and acquisitions over the medium term.
Read all positive factors
Daiwa Securities Living Investment (8986) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥227.63B
Dividend Yield5.55%
Average Volume (3M)3.87K
Price to Earnings (P/E)17.0
Beta (1Y)0.15
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. Volume4,123
30 Day Avg. Volume3,873
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)5,593.82
Revenue Forecast (FY)¥29.54B
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 | 17.14B | 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
98300.00
Price Trends
98326.00
Negative
102438.16
Negative
106899.64
Negative
Market Momentum
-1066.31
Positive
39.75
Neutral
28.80
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 98300 is above the 20-day moving average (MA) of 97235.00, below the 50-day MA of 98326.00, and below the 200-day MA of 106899.64, indicating a bearish trend. The MACD of -1066.31 indicates Positive momentum. The RSI at 39.75 is Neutral, neither overbought nor oversold. The STOCH value of 28.80 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 | ¥317.63B | 14.84 | 7.47% | 5.16% | 5.14% | -0.41% | |
66 Neutral | ¥227.63B | 16.96 | 7.17% | 5.42% | 41.67% | 1.13% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥418.15B | 22.78 | 7.49% | 4.24% | 9.83% | 21.66% | |
61 Neutral | ¥240.77B | 23.66 | ― | 3.47% | 12.95% | 6.80% | |
53 Neutral | ¥299.57B | 24.73 | ― | 3.56% | 6.93% | 7.40% |
* Real Estate Sector Average
JP:8986
Daiwa Securities Living Investment
96,100.00
-4,637.44
-4.60%
JP:3269
Advance Residence Investment
146,600.00
-7,462.98
-4.84%
JP:3309
Sekisui House Reit
74,200.00
-789.05
-1.05%
JP:3226
Nippon Accommodations Fund Inc.
119,900.00
2,272.87
1.93%
JP:3282
Comforia Residential REIT, Inc.
99,400.00
1,706.37
1.75%
JP:3459
Samty Residential Investment Corp.
90,400.00
-11,374.92
-11.18%
Daiwa Securities Living Investment Corporate Events
Daiwa Securities Living REIT Renews ¥1 Billion Commitment Line With Daiwa Next Bank
Jun 24, 2026
Daiwa Securities Living Investment Corporation has agreed a new ¥1 billion commitment line with Daiwa Next Bank to replace an expiring facility of the same size and maintain access to flexible funding. The unsecured, unguaranteed line, runnin...
Daiwa Securities Living REIT Extends Debt Maturity with ¥700m Refinancing
Jun 24, 2026
Daiwa Securities Living Investment Corporation will refinance 700 million yen of existing borrowings maturing on June 30, 2026 by securing a new term loan from The Kagawa Bank. The new unsecured loan, labeled Term Loans 26K, carries an interest ra...
Daiwa Securities Living REIT to Acquire Tokyo Residential Property Below Appraisal
Jun 22, 2026
Daiwa Securities Living Investment Corporation has agreed to acquire the Gran Casa Kasai residential property in Edogawa-ku, Tokyo, for an anticipated ¥1.23 billion, below its June 2026 appraisal value of ¥1.30 billion. The studio-type a...
Daiwa Securities Living Sets Terms on ¥1 Billion Refinancing Loan
Jun 18, 2026
Daiwa Securities Living Investment Corporation has set the interest rate on a new term loan, part of its previously announced refinancing strategy, clarifying funding costs for upcoming years. The REIT secured a ¥1 billion unsecured Term Loan...
Daiwa Securities Living Investment Rebalances Portfolio Toward Rental Housing
May 22, 2026
Daiwa Securities Living Investment has announced the acquisition of three newly built Gran Casa rental residential properties in Tokyo for ¥6.449 billion, at a 2.3% discount to appraisal value, while disposing of two healthcare facilities for...
Daiwa Securities Living REIT Rotates Portfolio With Tokyo Housing Buys, Healthcare Sales
May 22, 2026
Daiwa Securities Living Investment will acquire three Tokyo rental housing properties for about ¥6.45 billion, at slight discounts to appraisal values, to diversify and strengthen its residential portfolio and secure stable revenue. At the sa...
Daiwa Securities Living Investment REIT Refinances ¥8.2 Billion in Debt
May 21, 2026
Daiwa Securities Living Investment Corporation has arranged refinancing of ¥8.2 billion in total borrowings to redeem a maturing unsecured investment corporation bond and replace existing loans coming due in June 2026. The new funding package...
Daiwa Securities Living REIT Raises Earnings and Distribution Forecasts for September 2026 Period
May 21, 2026
Daiwa Securities Living Investment Corporation has sharply revised upward its forecasts for the fiscal period ending September 2026, reflecting stronger-than-expected performance. Operating revenue is now projected at JPY14,208 million, up 13.6% f...
Daiwa Securities Living REIT Posts Solid Half-Year, Warns of Softer Outlook
May 21, 2026
Daiwa Securities Living Investment Corporation reported steady growth for its 40th fiscal period, with operating revenue rising 2.3% to ¥14,993 million and profit up 3.9% to ¥6,866 million. Key profitability ratios, including ROE and ord...
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.