Daiwa House REIT Investment (TSE:8984) Days Payable: 30.83 (As of Feb. 2026) — 11% Above Median

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TSE:8984 Daiwa House REIT Investment Corp TSE:8984
64 GF Score
Price 円124,100.00
GF Value 円127,738.30
Valuation Fairly Valued
! 4 Warning Signs
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What is Daiwa House REIT Investment Days Payable?

Daiwa House REIT Investment TSE:8984 +0.49% 64 Days Payable is 30.83 as of Feb. 2026, which is 11% above its 10-year median of 27.72. GuruFocus rates TSE:8984 with a GF Score™ of 64/100 and a GF Value™ of 円127,738.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 546 REITs companies, Daiwa House REIT Investment ranks worse than 78.75% on this metric.

Daiwa House REIT Investment's average Accounts Payable for the six months ended in Feb. 2026 was 円2,262 Mil. Daiwa House REIT Investment's Cost of Goods Sold for the six months ended in Feb. 2026 was 円13,387 Mil. Hence, Daiwa House REIT Investment's Days Payable for the six months ended in Feb. 2026 was 30.83.

The historical rank and industry rank for Daiwa House REIT Investment's Days Payable or its related term are showing as below:

TSE:8984' s Days Payable Range Over the Past 10 Years
Min: 22.72   Med: 27.72   Max: 37.87
Current: 34.1

During the past 13 years, Daiwa House REIT Investment's highest Days Payable was 37.87. The lowest was 22.72. And the median was 27.72.

TSE:8984's Days Payable is ranked worse than
78.75% of 546 companies
in the REITs industry
Industry Median: 119.39 vs TSE:8984: 34.10

Daiwa House REIT Investment's Days Payable declined from Feb. 2025 (33.97) to Feb. 2026 (30.83). It may suggest that Daiwa House REIT Investment accelerated paying its suppliers.


Daiwa House REIT Investment Days Payable Historical Data

* Premium members only.

The historical data trend for Daiwa House REIT Investment's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Daiwa House REIT Investment Days Payable Chart

Daiwa House REIT Investment Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.87 32.45 27.25 28.38 24.82

Daiwa House REIT Investment Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.16 25.14 33.97 30.91 30.83

TSE:8984 vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, Daiwa House REIT Investment's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Daiwa House REIT Investment Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Daiwa House REIT Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Daiwa House REIT Investment's Days Payable falls into.


TSE:8984
64GF Score
Daiwa House REIT Investment Corp TSE:8984
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa House REIT Investment Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Daiwa House REIT Investment's Days Payable for the fiscal year that ended in Aug. 2025 is calculated as

Days Payable (A: Aug. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2024 ) + Accounts Payable (A: Aug. 2025 )) / count ) / Cost of Goods Sold (A: Aug. 2025 )*Days in Period
=( (1980.966 + 1521.742) / 2 ) / 25752.21*365
=1751.354 / 25752.21*365
=24.82

Daiwa House REIT Investment's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (1521.742 + 3001.306) / 2 ) / 13387.349*365 / 2
=2261.524 / 13387.349*365 / 2
=30.83

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 30.83 mean?
Daiwa House REIT Investment (TSE:8984) has a Days Payable of 30.83 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Daiwa House REIT Investment and its competitors. This is 11% above median its historical median of 27.72. Over the past decade, Daiwa House REIT Investment's Days Payable has ranged from 22.72 to 37.87. According to the industry distribution chart, Daiwa House REIT Investment ranks #430 out of 546 companies in the REITs industry, placing it in the top 78.8%.
Is Daiwa House REIT Investment's Days Payable too high?
Daiwa House REIT Investment's current Days Payable of 30.83 is 11% above median its 10-year median of 27.72. Over the past 10 years, this metric has ranged from a low of 22.72 to a high of 37.87. The REITs industry median Days Payable is 119.39. Daiwa House REIT Investment's value of 30.83 is 74.2% below this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #430 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Daiwa House REIT Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House REIT Investment's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #430 out of 546 companies for Days Payable. This places Daiwa House REIT Investment in the lower half of its industry. The industry median Days Payable is 119.39. Daiwa House REIT Investment's value of 30.83 is 74.2% below this benchmark. Historically, Daiwa House REIT Investment's own Days Payable has ranged from 22.72 to 37.87 over the past decade. While the company's 10-year median is 27.72 vs. the industry median of 119.39, Daiwa House REIT Investment has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.39, based on 546 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa House REIT Investment's current Days Payable of 30.83 is 74.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Daiwa House REIT Investment and its competitors. For the REITs industry, the median Days Payable is 119.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House REIT Investment's current Days Payable is 30.83, which is 11% above median its own 10-year median of 27.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House REIT Investment (TSE:8984) is currently considered Fairly Valued. The stock's GF Value™ is 円127,738.30, compared to a current price of 円124,100.00 — trading 2.8% below its estimated fair value. The current Days Payable is 30.83, which is 11% above median its 10-year median of 27.72 and 74.2% below the REITs industry median of 119.39. Daiwa House REIT Investment's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Daiwa House REIT Investment (TSE:8984), the current Days Payable is 30.83 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Daiwa House REIT Investment (TSE:8984) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa House REIT Investment stock appears to be undervalued. The current stock price of 円124,100.00 is trading 2.8% below its estimated GF Value™ of 円127,738.30. GuruFocus considers Daiwa House REIT Investment to be Fairly Valued.

Key valuation signals for TSE:8984:

  • Days Payable: 30.83 (11% above median its 10-year median of 27.72)
  • GF Value™: 円127,738.30 vs. price of 円124,100.00 (2.8% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 74.2% below the REITs median (#430 of 546)

No single metric tells the full story. See the TSE:8984 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa House REIT Investment Business Description

Industry Real EstateREITs
Address 2-4-8, Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014
Daiwa House REIT Investment Corp is a diversified real estate investment trust which invests in real estate properties. Its core assets are logistics properties, residential properties, retail properties, and hotels. It invests mainly in three metropolitan areas the greater Tokyo area, the greater Nagoya area, and the greater Osaka area. The firm's portfolio consists of assets with various risk-return profiles. It generates revenue from rental activity on a straight-line accrual basis over the life of each lease contract. The company operates only in Japan.
64GF Score

Get the complete analysis for TSE:8984

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円124,100.00
Price
円127,738.30
GF Value