Daiwa House REIT Investment Future Growth

Future criteria checks 1/6

Daiwa House REIT Investment's revenue is forecast to decline at 2.6% per annum while its annual earnings are expected to grow at 5.1% per year. EPS is expected to grow by 5.3% per annum. Return on equity is forecast to be 4.5% in 3 years.

Key information

5.1%

Earnings growth rate

5.3%

EPS growth rate

REITs earnings growth	-1.7%
Revenue growth rate	-2.6%
Future return on equity	4.5%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

TSE:8984 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
2/28/2027	56,614	23,752	N/A	N/A	3
2/28/2026	55,784	23,232	N/A	N/A	3
2/28/2025	57,963	22,687	N/A	N/A	3
8/31/2024	60,466	20,434	49,355	50,212	N/A
5/31/2024	59,840	21,018	43,736	44,165	N/A
2/29/2024	59,214	21,602	27,229	38,117	N/A
11/30/2023	59,137	21,975	37,753	37,753	N/A
8/31/2023	59,061	22,348	37,388	37,388	N/A
5/31/2023	58,960	22,261	39,252	39,252	N/A
2/28/2023	58,859	22,174	41,115	41,115	N/A
11/30/2022	58,578	22,454	41,365	41,365	N/A
8/31/2022	58,297	22,735	41,615	41,615	N/A
5/31/2022	57,294	23,020	39,662	39,598	N/A
2/28/2022	57,627	23,305	-39,212	37,581	N/A
11/30/2021	55,457	23,012	40,942	40,879	N/A
8/31/2021	54,623	22,718	44,175	44,175	N/A
5/31/2021	54,248	21,877	41,244	41,307	N/A
2/28/2021	54,711	21,034	32,806	38,438	N/A
11/30/2020	52,600	20,048	37,523	37,587	N/A
8/31/2020	51,326	19,062	36,735	36,735	N/A
5/31/2020	50,381	18,677	40,236	40,236	N/A
2/29/2020	49,741	18,291	35,983	43,737	N/A
11/30/2019	48,586	18,028	42,217	42,217	N/A
8/31/2019	47,737	17,763	40,696	40,696	N/A
5/31/2019	46,481	17,063	36,972	37,303	N/A
2/28/2019	45,339	16,362	19,398	33,910	N/A
11/30/2018	43,569	15,635	30,730	31,392	N/A
8/31/2018	41,912	14,908	28,211	28,873	N/A
5/31/2018	40,546	15,009	N/A	31,997	N/A
2/28/2018	39,180	15,110	N/A	35,122	N/A
11/30/2017	38,096	13,736	N/A	32,019	N/A
8/31/2017	37,011	12,361	N/A	28,915	N/A
5/31/2017	32,117	9,984	N/A	21,571	N/A
2/28/2017	27,222	7,607	N/A	14,225	N/A
11/30/2016	23,288	6,999	N/A	12,461	N/A
8/31/2016	19,353	6,391	N/A	10,696	N/A
5/31/2016	19,186	6,357	N/A	9,875	N/A
2/29/2016	19,018	6,323	N/A	9,054	N/A
11/30/2015	18,534	6,275	N/A	8,767	N/A
8/31/2015	18,050	6,226	N/A	8,480	N/A
2/28/2015	17,386	6,160	N/A	9,366	N/A
8/31/2014	17,156	6,162	N/A	8,932	N/A
2/28/2014	16,632	5,406	N/A	11,304	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8984's forecast earnings growth (5.1% per year) is above the savings rate (0.3%).

Earnings vs Market: 8984's earnings (5.1% per year) are forecast to grow slower than the JP market (7.9% per year).

High Growth Earnings: 8984's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8984's revenue is expected to decline over the next 3 years (-2.6% per year).

High Growth Revenue: 8984's revenue is forecast to decline over the next 3 years (-2.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 8984's Return on Equity is forecast to be low in 3 years time (4.5%).

Daiwa House REIT Investment Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 9.7% to JP¥287,800

Price target decreased by 7.4% to JP¥295,333

Price target increased to JP¥350,600

Price target increased to JP¥339,600

Price target increased to JP¥315,500

Daiwa House REIT Investment Corporation Provides Earnings Guidance for the Ending August 31, 2021 and February 28, 2022

Recent updates

Full year 2024 earnings released: EPS: JP¥8,820 (vs JP¥9,633 in FY 2023)

Daiwa House REIT Investment Corporation (TSE:8984) announces an Equity Buyback for 14,000 shares, representing 0.61% for ¥3,000 million.

Upcoming dividend of JP¥5,750 per share

Daiwa House REIT Investment Corporation to Report Q2, 2025 Results on Oct 17, 2024

First half 2024 earnings released: EPS: JP¥4,473 (vs JP¥4,795 in 1H 2023)

First half dividend of JP¥5,750 announced

Daiwa House REIT Investment Corporation (TSE:8984) announces an Equity Buyback for 14,000 shares, representing 0.6% for ¥3,000 million.

First half 2024 earnings released: EPS: JP¥4,473 (vs JP¥4,795 in 1H 2023)

Price target decreased by 9.7% to JP¥287,800

Upcoming dividend of JP¥5,650 per share

Daiwa House REIT Investment Corporation to Report Fiscal Year 2024 Results on Apr 16, 2024

Now 21% overvalued

Full year 2023 earnings released: EPS: JP¥9,633 (vs JP¥9,802 in FY 2022)

Price target decreased by 7.4% to JP¥295,333

Full year 2023 earnings released

Now 21% undervalued after recent price drop

Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire D Project Kadoma I for ¥3.1 billion.

Upcoming dividend of JP¥5,600 per share at 4.0% yield

Daiwa House REIT Investment Corporation to Report First Half, 2024 Results on Nov 27, 2023

First half 2023 earnings released: EPS: JP¥4,795 (vs JP¥5,040 in 1H 2022)

Upcoming dividend of JP¥5,600 per share at 4.0% yield

Now 20% undervalued after recent price drop

No independent directors

Now 20% undervalued after recent price drop

Full year 2022 earnings released

Daiwa House REIT Investment Corporation to Report First Half, 2023 Results on Nov 25, 2022

Upcoming dividend of JP¥5,600 per share

Now 20% undervalued after recent price drop

No independent directors

First half 2022 earnings released: EPS: JP¥5,040 (vs JP¥5,054 in 1H 2021)

Daiwa House REIT Investment Corporation to Report Second Half, 2022 Results on May 27, 2022

Upcoming dividend of JP¥5,750 per share

Daiwa House REIT Investment Corporation to Report Fiscal Year 2022 Results on Apr 15, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Price target increased to JP¥350,600

Full year 2021 earnings released: EPS JP¥10,345 (vs JP¥8,928 in FY 2020)

Upcoming dividend of JP¥6,050 per share

Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire 50% stake in GRANODE Hiroshima from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥14.4 billion.

Price target increased to JP¥339,600

First half 2021 earnings released: EPS JP¥5,054 (vs JP¥4,398 in 1H 2020)

Price target increased to JP¥315,500

First half 2021 earnings released: EPS JP¥5,054 (vs JP¥4,398 in 1H 2020)

Daiwa House REIT Investment Corporation Provides Earnings Guidance for the Ending August 31, 2021 and February 28, 2022

Upcoming Dividend of JP¥5,750 Per Share

Daiwa House REIT Investment Corporation to Report Fiscal Year 2021 Results on Apr 20, 2021

New 90-day high: JP¥277,700

Daiwa House REIT Investment Corporation Properties Receives DBJ Green Building Certification

New 90-day high: JP¥263,100

An unknown buyer entered into an agreement to acquire Castalia Maruyama Urasando from Daiwa House REIT Investment Corporation (TSE:8984) for approximately ¥410 million.

New 90-day low: JP¥240,600

Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire the trust beneficiary rights of Candeo Hotels Nagasaki Shinchi Chinatown from Daiwa House Industry Co.,Ltd. (TSE:1925) for approximately ¥3.1 billion.

Daiwa House Reit Investment Corporation Announces the Retirement of the Haruto Tsukamoto as Director and Deputy Head of Daiwa House Reit Division Effective as of September 30, 2020

Daiwa House REIT Investment Corporation to Report First Half, 2021 Results on Nov 27, 2020

Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire Sports Plaza Ibaraki for ¥2.7 billion.

Daiwa House REIT Investment Corporation to Report Fiscal Year 2020 Results on Oct 16, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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