Daiwa Securities Living Investment (JP:8986)
:8986
Want to see JP:8986 full AI Analyst Report?
Top Page
Daiwa Securities Living Investment
(8986)
Select Model
Select Model
Rating:63Neutral
Price Target:
¥103,838
▼(-6.87% Downside)
Action:Downgraded
Date:12/12/25
Daiwa Securities Living Investment's overall stock score is primarily influenced by its strong financial performance, which is offset by bearish technical indicators. The valuation is moderate, with a reasonable dividend yield, but does not provide a compelling case for investment given the current market trends. The absence of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
Stable rental income model
Daiwa Securities Living Investment operates a pure residential J-REIT model focused on rental apartments, which generates predictable recurring cash flows from rents. This business model is structurally durable given steady housing demand, supporting stable distributions and long-term asset management strategies.
Negative Factors
Low free cash flow conversion
Only about half of reported net income converts to free cash flow, suggesting non-cash earnings, higher maintenance capex, or working capital drains. Persistent low conversion can constrain distributions, limit reinvestment capacity, and increase reliance on external financing over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable rental income model
Daiwa Securities Living Investment operates a pure residential J-REIT model focused on rental apartments, which generates predictable recurring cash flows from rents. This business model is structurally durable given steady housing demand, supporting stable distributions and long-term asset management strategies.
Read all positive factors
Daiwa Securities Living Investment (8986) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥234.79B
Dividend Yield4.68%
Average Volume (3M)3.87K
Price to Earnings (P/E)17.4
Beta (1Y)0.16
Revenue Growth41.67%
EPS Growth1.13%
CountryJP
EmployeesN/A
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 (DSLIC), listed on the Tokyo Stock Exchange since June 2006 under stock code 8986, operates as a specialized real estate investment trust (REIT) focusing exclusively on residential rental properties. ...
How the Company Makes Money
Daiwa Securities Living Investment makes money primarily by earning rental revenue from its portfolio of residential properties. Tenants pay monthly rents and related charges (where applicable), which form the core operating revenue. From this rev...
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
111500.00
Price Trends
104148.00
Negative
107912.27
Negative
108028.20
Negative
Market Momentum
-1609.81
Negative
39.25
Neutral
16.23
Positive
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 111500 is above the 20-day moving average (MA) of 99300.00, above the 50-day MA of 104148.00, and above the 200-day MA of 108028.20, indicating a bearish trend. The MACD of -1609.81 indicates Negative momentum. The RSI at 39.25 is Neutral, neither overbought nor oversold. The STOCH value of 16.23 is Positive, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥327.96B | 15.11 | 6.80% | 5.16% | 5.14% | -0.41% | |
67 Neutral | ¥424.17B | 22.98 | 6.81% | 3.58% | 9.83% | 21.66% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥239.71B | 23.89 | ― | 3.47% | 12.95% | 6.80% | |
63 Neutral | ¥234.79B | 17.35 | 7.17% | 4.68% | 41.67% | 1.13% | |
58 Neutral | ¥303.85B | 24.71 | ― | 3.56% | 6.93% | 7.40% |
* Real Estate Sector Average
JP:8986
Daiwa Securities Living Investment
98,400.00
6,621.23
7.21%
JP:3269
Advance Residence Investment
148,000.00
2,111.73
1.45%
JP:3309
Sekisui House Reit
76,200.00
5,512.05
7.80%
JP:3226
Nippon Accommodations Fund Inc.
120,700.00
5,485.23
4.76%
JP:3282
Comforia Residential REIT, Inc.
102,800.00
9,899.11
10.66%
JP:3459
Samty Residential Investment Corp.
94,200.00
3,128.90
3.44%
Daiwa Securities Living Investment Corporate Events
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...
Daiwa Securities Living REIT Secures ¥5.5 Billion Loans for Rental Housing Expansion
Apr 22, 2026
Daiwa Securities Living Investment Corporation has arranged new bank borrowings totaling ¥5.5 billion to finance the acquisition of rental housing assets scheduled for May 1, 2026 and to cover related costs. The unsecured term and individual ...
Daiwa Securities Living REIT to Sell Two Nagoya Rental Properties at Premium
Apr 21, 2026
Daiwa Securities Living Investment Corporation has agreed to dispose of two rental housing properties in Nagoya, willDo Kanayama masaki and willDo Kurokawa, for a combined anticipated price of ¥1.227 billion on May 15, 2026. The deal is expec...
Daiwa Securities Living REIT Reshapes Portfolio With Rental Housing Acquisitions and Sales
Mar 23, 2026
Daiwa Securities Living Investment Corporation will acquire four rental housing properties in Tokyo, Osaka and Saitama for about ¥7.1 billion, at prices below recent appraisal values, to diversify and enhance its residential portfolio. The as...
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.