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Daiwa Office Investment Corp

8976
Current price
301 000 JPY -1 972.55 JPY (-0.66%)
Last closed 301 500 JPY
ISIN JP3046310003
Sector Real Estate
Industry REIT - Office
Exchange Tokyo Stock Exchange
Capitalization 287 911 313 376 JPY
Yield for 12 month -10.95 %
1Y
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5Y
10Y
15Y
8976
21.11.2021 - 28.11.2021

Daiwa Office Investment Corporation was established on July 11, 2005, in accordance with the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951; including amendments thereto) with Daiwa Real Estate Asset Management Co., Ltd. (former name K.K. daVinci Select) (the "Asset Manager") as the organizer. After its establishment, the Investment Corporation implemented an additional issuance of investment units through a public offering (99,600 units) on October 18, 2005 and then listed on the Tokyo Stock Exchange, Inc. (TSE) Real Estate Investment Trust Section (stock code: 8976) on the following day. Though initial assets under management were 79,573 million yen (sum total of acquisition price), subsequent activities, such as additional acquisition of properties and replacement of portfolio properties, resulted in the assets under management amounting to 468,886 million yen as of the last day of May 2024. The Investment Corporation strives to secure stable revenue and sustained growth of the investment assets based on a clear portfolio development policy of specializing in investment in office buildings, with a particular focus on investment in a total floor area of more than about 2,000 m2 situated in downtown Tokyo, as well as through dedicated efforts to heighten tenant satisfaction levels. Address: 6-2-1 Ginza, Tokyo, Japan, 104-0061

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Analytics

WallStreet Target Price

52 055 005.06 JPY

P/E ratio

23.2019

Dividend Yield

6.89 %

Current Year

+28 696 581 973 JPY

Last Year

+28 366 204 978 JPY

Current Quarter

+6 785 271 969 JPY

Last Quarter

+6 785 271 969 JPY

Current Year

+17 149 575 983 JPY

Last Year

+17 769 592 004 JPY

Current Quarter

+3 539 406 987 JPY

Last Quarter

+3 539 406 987 JPY

Key Figures 8976

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
EBITDA 17 234 233 382 JPY
Operating Margin TTM 54.05 %
PE Ratio 23.2019
Return On Assets TTM 1.75 %
PEG Ratio
Return On Equity TTM 5.01 %
Wall Street Target Price 52 055 005.06 JPY
Revenue TTM 27 216 771 072 JPY
Book Value 517 539.72 JPY
Revenue Per Share TTM
Dividend Share 13 700 JPY
Quarterly Revenue Growth YOY 5.5 %
Dividend Yield 6.89 %
Gross Profit TTM 15 155 576 000 JPY
Earnings per share 12 973.1 JPY
Diluted Eps TTM 12 973.1 JPY
Most Recent Quarter II 2024
Quarterly Earnings Growth YOY 13.4 %
Profit Margin 45.58 %

Dividend Analytics 8976

Dividend growth over 5 years

18 %

Continuous growth

Payout Ratio 5 years average

95 %

Dividend History 8976

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Forward Annual Dividend Rate 13700
Ex Dividend Date 28.11.2024
Forward Annual Dividend Yield 4.55 %
Last Split Factor 2:1
Payout Ratio 105.63 %
Last Split Date 30.05.2024
Dividend Date

Stock Valuation 8976

1 year
3 years
5 years
10 years
21.11.2021 - 28.11.2021
Trailing PE 23.2019
Forward PE
Enterprise Value Revenue 17.5387
Price Sales TTM 10.5785
Enterprise Value EBITDA 28.2408
Price Book MRQ 1.164

Financials 8976

1 year
3 years
5 years
10 years
15 years
Results 2019 Dynamics
* The data for this period has not yet been published

Technical indicators 8976

For 52 weeks

261 487.37 JPY 324 834.95 JPY
50 Day MA 304 858 JPY
Shares Short Prior Month
200 Day MA 295 153.5 JPY
Short Ratio
Shares Short
Short Percent