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    Real Estate

  3. •

    REIT - Residential
Daiwa Securities Living Investment Corporation

Daiwa Securities Living Investment Corporation

8986.T
Daiwa Securities Living Investment CorporationJP flagTokyo Stock Exchange
99,400.00
JPY
-400.00
- -
237.17BMarket Cap
Daiwa Securities Living Investment Corporation
8986.T
(Tokyo Stock Exchange)

Recent

price

99,400.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
6,121.58
8,465.17
8,683.62
8,902.9
9,318.33
9,649.44
9,803.02
10,361.81
10,082.12
10,192.98
9,683.22
10,056.29
10,295.91
10,910.64
11,400.39
12,511.9
Revenue per Share
10,282.61
-991.86
1,848.55
2,930.48
3,392.92
3,340.17
3,389.78
3,912.1
3,824.84
3,977.24
4,568.09
4,197.19
4,206.55
4,578.6
4,992.81
5,791.06
Basic EPS, GAAP
3,039.69
1,036.81
361.54
4,251.46
-5,839.36
-8,981.96
-2,053.9
1,246.07
4,989.35
3,793.34
-22,812.01
-7,496.86
-1,745.84
582.99
-11,798.42
6,463.97
Free Cash Flow per Basic Share
874.21
1,621.09
2,364.79
2,796.2
3,114.11
3,259.29
3,469.06
3,602.59
3,887.09
3,953.92
3,243.3
4,299.95
4,268.3
4,326.32
4,395.82
5,175.08
Dividend per Share
53,019
59,078.8
58,571.65
54,490.11
53,646.84
60,633.52
57,590.38
57,990.32
57,820.32
57,974.06
60,239.26
60,689.35
62,058.73
63,642.66
66,028.53
66,774.42
Book Value per Share
67,400.68
64,789.98
64,274.69
64,436.04
62,040.7
68,826.36
65,204.94
65,720.33
65,741.49
65,790.78
73,205.13
73,975.75
74,661.19
75,822
76,937.68
77,506.74
Tangible Book Value per Share
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
Basic Weighted Avg Shares
8,147
11,265
11,556
11,848
14,263
15,030
16,078
16,994
16,536
16,717
19,908
21,300
22,700
24,668
27,439
29,854
Sales/Revenue/Turnover
35.38
26.35
35.38
45.74
46.43
44.64
44.96
46.11
45.86
45.19
43.32
47.85
46.99
47.87
49.9
53.54
Operating Margin (%)
1,709
2,113
2,172
2,209
2,724
3,016
3,384
3,572
3,618
3,652
4,142
4,776
5,007
5,194
5,352
5,368
Depreciation Expense
13,684
-1,320
2,460
3,900
5,193
5,203
5,559
6,416
6,273
6,523
9,392
8,890
9,274
10,352
12,017
13,818
Net Income, GAAP
0.37
- -
0.05
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.01
Effective Tax Rate (%)
167.97
-11.72
21.29
32.92
36.41
34.62
34.58
37.75
37.94
39.02
47.18
41.74
40.86
41.96
43.8
46.28
Profit Margin (%)
-6,595
-2,041
-20,891
-3,632
-1,186
-3,320
-9,917
-10,459
-12,900
-9,309
-14,189
-1,082
-2,118
408
-12,045
-17,350
Working Capital
57,024
62,426
46,000
61,777
87,687
92,262
94,949
98,126
94,334
98,088
127,973
159,187
163,487
169,147
183,127
177,235
LT Debt
90,245
86,771
86,085
86,299
95,511
107,748
107,487
108,332
108,369
108,447
151,117
157,295
165,219
171,996
187,822
187,575
Total Equity
2.1
- -
2.53
3.34
3.71
3.26
3.27
3.46
3.35
3.37
3.27
3.22
3.15
3.34
3.64
4.07
Return on Invested Capital (%)
11.54
- -
2.35
3.26
3.72
3.23
3.18
3.47
3.37
3.48
4.19
3.42
3.34
3.53
3.83
4.3
Return on Capital (%)
21.03
-1.77
3.14
5.18
6.72
5.89
5.89
6.77
6.61
6.87
8.58
7.04
6.99
7.38
7.94
8.68
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
6.23%
4.46%
-0.13%
Free Cash Flow
-349.89%
-536.98%
-154.31%
Net Income, GAAP
10.97%
8.34%
14.98%
Sales/Revenue/Turnover
7.24%
8.45%
8.8%
Total Cash Common Dividend
9.71%
13.75%
16.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
27,439
2025
- -
- -
- -
- -
29,854
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4,992.81
2025
- -
- -
- -
- -
5,791.06
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4,395.82
2025
- -
- -
- -
- -
5,175.08
2026
- -
- -
- -
- -
- -
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Business
Daiwa Securities Living Investment Corporation (TSE: 8986) is a closed-end real estate investment trust (REIT) specializing in rental housing properties, primarily apartments in Japan's major urban areas including Tokyo's 23 wards, Sapporo, Sendai, Nagoya, Osaka, Fukuoka and surrounding regions. The company invests in a diversified portfolio of 235 rental properties with a total acquisition price of 391.2 billion yen as of December 1, 2025, focusing on achieving sustainable asset growth and stable mid- to long-term earnings through high occupancy rates, currently at 97.7% as of October 31, 2025; its portfolio emphasizes residential apartments, including family-type units, urban towers and previously healthcare facilities now being divested to sharpen its residential focus. Established on October 7, 2005 as re-plus residential investment inc. and listed on the Tokyo Stock Exchange on June 22, 2006, it is headquartered at 6-2-1 Ginza, Chuo-ku, Tokyo, Japan 104-0061, with operations managed by Daiwa Real Estate Asset Management Co., Ltd. under sponsor support from Daiwa Securities Group Inc. Recent strategic changes include the merger with Nippon Healthcare Investment Corporation on April 1, 2020, which expanded its scale and led to the current name; the sale of eight healthcare facilities primarily in Kanagawa, Tokyo and Kagawa for 13.6 billion yen announced on October 31, 2025 and completed November 4, 2025 to refocus on core rental apartments; acquisitions such as Gran Casa Yokohama Ishikawacho, Gran Casa Kawasaki Ikuta agreed November 20, 2025 for delivery December 1, 2025, SEASON FLATS Kamata West and others supporting upgraded forecasts for fiscal periods ending March 2026 and September 2026 with projected distributions of 2,510 yen and 2,400 yen per unit respectively; and governance enhancements like new director appointments and Articles of Incorporation amendments as of late 2025.