Daiwa Office Investment (TSE:8976) Dividend Payout Ratio: 1.01 (As of Nov. 2025) — Near Median

What is Daiwa Office Investment Dividend Payout Ratio?

Daiwa Office Investment TSE:8976 +1.38% 62 Dividend Payout Ratio is 1.01 as of Nov. 2025, which is 3% above its 10-year median of 0.98. GuruFocus rates TSE:8976 with a GF Score™ of 62/100 and a GF Value™ of 円349,173.95 (Fairly Valued). The stock has 4 warning signs investors should review. Among 714 REITs companies, Daiwa Office Investment ranks better than 51.96% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Daiwa Office Investment's Dividend Payout Ratio for the months ended in Nov. 2025 was 1.01.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Daiwa Office Investment Corp is 0.98, which seems too high.

The historical rank and industry rank for Daiwa Office Investment's Dividend Payout Ratio or its related term are showing as below:

TSE:8976' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.95 Med: 0.98 Max: 1
Current: 0.98

During the past 13 years, the highest Dividend Payout Ratio of Daiwa Office Investment was 1.00. The lowest was 0.95. And the median was 0.98.

TSE:8976's Dividend Payout Ratio is ranked better than
51.96% of 714 companies
in the REITs industry
Industry Median: 0.99 vs TSE:8976: 0.98

As of today (2026-07-04), the Dividend Yield % of Daiwa Office Investment is 4.70%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Daiwa Office Investment was 6.00%. The lowest was 2.67%. And the median was 3.88%.

Daiwa Office Investment's Dividends per Share for the months ended in Nov. 2025 was 円8,020.00.

During the past 12 months, Daiwa Office Investment's average Dividends Per Share Growth Rate was 8.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -0.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Daiwa Office Investment was 25.00% per year. The lowest was -44.00% per year. And the median was 6.85% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Daiwa Office Investment (TSE:8976) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Daiwa Office Investment Dividend Payout Ratio Related Terms

Daiwa Office Investment Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Daiwa Office Investment's Dividend Payout Ratio 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 Office Investment Dividend Payout Ratio Chart

Daiwa Office Investment Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Dividend Payout Ratio

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0.98

0.95

0.96

0.99

0.98

Daiwa Office Investment Semi-Annual Data
	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24	May25	Nov25
Dividend Payout Ratio	Get a 7-Day Free Trial															1.06	1.06	0.92	0.95	1.01

TSE:8976 vs BXP, ARE, VNO: Dividend Payout Ratio Comparison

For the REIT - Office subindustry, Daiwa Office Investment's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Office Investment Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Daiwa Office Investment's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Daiwa Office Investment's Dividend Payout Ratio falls into.

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62GF Score

Daiwa Office Investment Corp TSE:8976

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Daiwa Office Investment Dividend Payout Ratio Calculation

Daiwa Office Investment's Dividend Payout Ratio for the fiscal year that ended in Nov. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2024 )	/	EPS without NRI (A: Nov. 2024 )
	=	13770	/	14057.209
	=	0.98

Daiwa Office Investment's Dividend Payout Ratio for the quarter that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2025 )	/	EPS without NRI (Q: Nov. 2025 )
	=	8020	/	7980.083
	=	1.01

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.01 mean?

Daiwa Office Investment (TSE:8976) has a Dividend Payout Ratio of 1.01 as of Nov. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Daiwa Office Investment and its competitors. This is near median its historical median of 0.98. Over the past decade, Daiwa Office Investment's Dividend Payout Ratio has ranged from 0.95 to 1.00. According to the industry distribution chart, Daiwa Office Investment ranks #343 out of 714 companies in the REITs industry, placing it in the top 48%.

Is Daiwa Office Investment's Dividend Payout Ratio too high?

Daiwa Office Investment's current Dividend Payout Ratio of 1.01 is near median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.00. The REITs industry median Dividend Payout Ratio is 0.99. Daiwa Office Investment's value of 1.01 is 2% above this industry median. Based on the distribution chart, Daiwa Office Investment ranks #343 out of 714 companies in the REITs industry, which is above the industry midpoint. Overall, Daiwa Office Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Daiwa Office Investment's Dividend Payout Ratio compare to BXP and ARE?

According to the REITs industry distribution chart, Daiwa Office Investment ranks #343 out of 714 companies for Dividend Payout Ratio. This puts Daiwa Office Investment in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Daiwa Office Investment's value of 1.01 is 2% above this benchmark. Historically, Daiwa Office Investment's own Dividend Payout Ratio has ranged from 0.95 to 1.00 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.99, Daiwa Office Investment has consistently been above 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 714 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa Office Investment's current Dividend Payout Ratio of 1.01 is 2% above 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current Dividend Payout Ratio is 1.01, which is near median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Daiwa Office Investment stock overvalued right now?

Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円349,173.95, compared to a current price of 円331,500.00 — trading 5.1% below its estimated fair value. The current Dividend Payout Ratio is 1.01, which is near median its 10-year median of 0.98 and 2% above the REITs industry median of 0.99. Daiwa Office Investment's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current Dividend Payout Ratio is 1.01 as of Nov. 2025. 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 Office Investment (TSE:8976) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued. The current stock price of 円331,500.00 is trading 5.1% below its estimated GF Value™ of 円349,173.95. GuruFocus considers Daiwa Office Investment to be Fairly Valued.

Key valuation signals for TSE:8976:

Dividend Payout Ratio: 1.01 (near median its 10-year median of 0.98)
GF Value™: 円349,173.95 vs. price of 円331,500.00 (5.1% below fair value)
GF Score™: 62/100 with 4 warning signs
Industry Position: 2% above the REITs median (#343 of 714)

No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Daiwa Office Investment Business Description

Industry Real Estate REITs

Comparable Companies TSE:3295 TSE:8987 TSE:3296 TSE:8975 TSE:8958 TSE:8954 TSE:3290 TSE:2972 TSE:8952 TSE:8951 XMAD:MRL BXP ARE VNO XPAR:GFC SGX:N2IU CUZ KRC ASX:DXS SGX:AJBU

Address 6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

62GF Score

Get the complete analysis for TSE:8976

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

円331,500.00

Price

円349,173.95

GF Value

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