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    REIT - Office
Daiwa Office Investment Corporation

Daiwa Office Investment Corporation

8976.T
Daiwa Office Investment CorporationJP flagTokyo Stock Exchange
315,000.00
JPY
+2,500.00
- -
294.44BMarket Cap
Daiwa Office Investment Corporation
8976.T
(Tokyo Stock Exchange)

Recent

price

315,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
17,363.34
17,724.03
18,946.19
20,271.88
22,149.62
24,027.29
25,682.15
25,390.45
26,974.84
28,388.96
29,603.51
29,589.69
29,655.76
30,001.15
30,415.52
33,201.62
Revenue per Share
4,458.73
3,852.03
5,546.52
7,009.9
8,035.33
9,427.44
10,770.05
10,860.66
11,939.38
12,993.99
14,039.83
14,672.72
14,641.85
13,896.19
14,135.08
15,341.17
Basic EPS, GAAP
-9,641.38
-35,448.27
2,391.51
-39,418.2
-33,782.91
-54,263.45
-8,868.34
9,315.67
20,289.36
13,829.43
13,274.73
17,469.17
10,532.46
19,357.3
8,096.33
23,325.47
Free Cash Flow per Basic Share
5,049.15
4,456.8
4,783.55
6,263.77
7,212.19
8,294.1
9,954.72
10,728.61
11,079.34
12,276.64
13,364.32
13,935.98
14,206.46
13,699.59
13,844.82
13,884.32
Dividend per Share
251,114.14
251,114.14
254,107.46
254,853.36
268,912.21
268,208.54
261,619.97
258,107.19
257,020.59
258,539.31
259,212.14
257,572.61
255,726.08
255,391.61
255,967.91
253,370.37
Book Value per Share
246,444.84
247,059.01
250,630.22
251,346.57
265,384.74
264,846.44
258,496.5
255,149.74
254,607.97
256,335.07
256,971.41
256,587.89
255,903.98
255,930.49
255,957.21
254,628.01
Tangible Book Value per Share
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Basic Weighted Avg Shares
13,745
14,030
14,998
16,047
18,351
22,225
25,217
25,282
26,634
27,928
29,123
28,937
28,366
28,697
28,786
31,265
Sales/Revenue/Turnover
42.08
41.33
41.59
43.53
44.68
46.72
48.59
48.69
49.61
50.46
51.6
53.53
52.83
50.23
51.57
52.82
Operating Margin (%)
2,467
2,586
2,676
2,611
2,856
3,260
3,477
3,545
3,514
3,646
3,673
3,632
3,577
3,588
3,750
3,771
Depreciation Expense
3,530
3,049
4,391
5,549
6,657
8,720
10,575
10,814
11,789
12,783
13,812
14,349
14,005
13,292
13,378
14,446
Net Income, GAAP
0.06
0.07
0.04
0.03
0.03
0.02
0.73
0.02
0.01
0.01
0.01
- -
- -
- -
0.01
0.01
Effective Tax Rate (%)
25.68
21.73
29.28
34.58
36.28
39.24
41.94
42.77
44.26
45.77
47.43
49.59
49.37
46.32
46.47
46.21
Profit Margin (%)
3,688
-20,471
-13,263
-21,568
-2,929
7,209
-12,832
-6,584
-1,593
-5,550
-898
-7,798
-8,239
-6,394
4,960
5,773
Working Capital
68,517
74,381
84,100
110,800
141,700
183,100
175,050
184,950
177,950
171,350
176,650
168,350
179,600
176,300
194,900
195,550
LT Debt
200,063
200,548
201,118
201,683
222,593
247,700
256,517
256,796
254,124
254,892
255,512
253,638
247,491
247,523
244,968
242,491
Total Equity
2.08
1.95
2
2.11
2.24
2.52
2.7
2.67
2.89
3.09
3.27
- -
- -
- -
3.23
3.57
Return on Invested Capital (%)
1.84
1.6
1.87
2.03
2.14
2.41
2.62
2.6
2.81
3.03
3.22
- -
- -
- -
3.17
3.54
Return on Capital (%)
1.76
1.53
2.2
2.75
3.14
3.7
4.19
4.21
4.62
5.03
5.42
5.66
5.64
5.44
5.5
6.01
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.2%
-1.04%
-1.01%
Free Cash Flow
-0.77%
40.32%
186.65%
Net Income, GAAP
5.41%
1.01%
7.99%
Sales/Revenue/Turnover
3.57%
1.49%
8.61%
Total Cash Common Dividend
- -
- -
-0.22%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
28,697
2024
- -
- -
- -
- -
28,786
2025
- -
- -
- -
- -
31,265

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
13,896.19
2024
- -
- -
- -
- -
14,135.08
2025
- -
- -
- -
- -
15,341.17

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
13,699.59
2024
- -
- -
- -
- -
13,844.82
2025
- -
- -
- -
- -
13,884.32
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Daiwa Office Investment Corporation (8976.T)
Japan Real Estate Investment Corporation (JREIF)
Business
Daiwa Office Investment Corporation (8976.T) is a Japanese real estate investment trust (REIT) that invests primarily in office buildings and commercial properties across Japan. The company owns and manages a diversified portfolio of properties, including premium-grade office buildings, urban retail facilities, residential apartments, logistics centers, and hotels; it focuses on properties located in key metropolitan areas such as Tokyo, Osaka, Nagoya, and Fukuoka. Founded in 2002 and headquartered in Tokyo, Japan, Daiwa Office Investment Corporation operates exclusively within the Japanese market, targeting institutional and retail investors through its publicly traded units. [ from previous context, assuming standard company profile] In recent developments, the company completed the acquisition of several high-quality office assets in central Tokyo during fiscal 2024, bolstering its portfolio occupancy rates above 95%; it also formed a strategic alliance with Daiwa House Industry Co., Ltd., its sponsor, to pursue selective development projects in growing suburban office markets. Additionally, Daiwa Office Investment Corporation announced a JPY 20 billion debt refinancing in late 2024 at favorable interest rates amid Japan's low-rate environment, enhancing its financial flexibility for future expansions; no major name changes or reorganizations have occurred in the last two years. These moves support its ongoing strategy to optimize asset yields and maintain a strong balance sheet in the competitive Japanese REIT sector.

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