Daiwa House REIT Investment (TSE:8984) Dividend Payout Ratio: 1.01 (As of Feb. 2026) — Near Median

Author:

Vera Yuan

Director of Data and Quant Analytics at GuruFocus

Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.

View Profile →

Reviewed by:

Charlie Tian

Founder & CEO of GuruFocus

Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

View Profile →

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

View Full Analysis

What is Daiwa House REIT Investment Dividend Payout Ratio?

Daiwa House REIT Investment TSE:8984 +0.49% 64 Dividend Payout Ratio is 1.01 as of Feb. 2026, which is 6% below its 10-year median of 1.07. 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 712 REITs companies, Daiwa House REIT Investment ranks worse than 51.4% 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 House REIT Investment's Dividend Payout Ratio for the months ended in Feb. 2026 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 House REIT Investment Corp is 1.00, which seems too high.

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

TSE:8984' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.44 Med: 1.07 Max: 1.28
Current: 1

During the past 13 years, the highest Dividend Payout Ratio of Daiwa House REIT Investment was 1.28. The lowest was 0.44. And the median was 1.07.

TSE:8984's Dividend Payout Ratio is ranked worse than
51.4% of 712 companies
in the REITs industry
Industry Median: 0.985 vs TSE:8984: 1.00

As of today (2026-07-25), the Dividend Yield % of Daiwa House REIT Investment is 4.83%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Daiwa House REIT Investment was 6.18%. The lowest was 1.73%. And the median was 3.57%.

Daiwa House REIT Investment's Dividends per Share for the months ended in Feb. 2026 was 円2,690.00.

During the past 12 months, Daiwa House REIT Investment's average Dividends Per Share Growth Rate was 107.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -8.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -2.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Daiwa House REIT Investment was 7.40% per year. The lowest was -26.20% per year. And the median was 3.05% 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 House REIT Investment (TSE:8984) 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 House REIT Investment Dividend Payout Ratio Related Terms

Daiwa House REIT Investment Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Daiwa House REIT 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 House REIT Investment Dividend Payout Ratio Chart

Daiwa House REIT Investment Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Dividend Payout Ratio

Get a 7-Day Free Trial

1.08

1.01

0.50

0.44

1.00

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
Dividend Payout Ratio	Get a 7-Day Free Trial															0.93	0.00	1.00	1.00	1.01

TSE:8984 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Daiwa House REIT 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 House REIT Investment Dividend Payout Ratio vs REITs Industry

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

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

Save Embed

64GF Score

Daiwa House REIT Investment Corp TSE:8984

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

View Full Analysis

Daiwa House REIT Investment Dividend Payout Ratio Calculation

Daiwa House REIT Investment's Dividend Payout Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Aug. 2025 )	/	EPS without NRI (A: Aug. 2025 )
	=	6140.5	/	6135.119
	=	1.00

Daiwa House REIT Investment's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2026 )	/	EPS without NRI (Q: Feb. 2026 )
	=	2690	/	2676.379
	=	1.01

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.01 mean?

Daiwa House REIT Investment (TSE:8984) has a Dividend Payout Ratio of 1.01 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Daiwa House REIT Investment and its competitors. This is near median its historical median of 1.07. Over the past decade, Daiwa House REIT Investment's Dividend Payout Ratio has ranged from 0.44 to 1.28. According to the industry distribution chart, Daiwa House REIT Investment ranks #366 out of 712 companies in the REITs industry, placing it in the top 51.4%.

Is Daiwa House REIT Investment's Dividend Payout Ratio too high?

Daiwa House REIT Investment's current Dividend Payout Ratio of 1.01 is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.28. The REITs industry median Dividend Payout Ratio is 0.99. Daiwa House REIT Investment's value of 1.01 is 2.5% above this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #366 out of 712 companies in the REITs industry, which is below the industry midpoint. 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 Dividend Payout Ratio compare to VICI and WPC?

According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #366 out of 712 companies for Dividend Payout Ratio. This places Daiwa House REIT Investment in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Daiwa House REIT Investment's value of 1.01 is 2.5% above this benchmark. Historically, Daiwa House REIT Investment's own Dividend Payout Ratio has ranged from 0.44 to 1.28 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 0.99, Daiwa House REIT 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 712 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 House REIT Investment's current Dividend Payout Ratio of 1.01 is 2.5% 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 House REIT 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 House REIT Investment's current Dividend Payout Ratio is 1.01, which is near median its own 10-year median of 1.07. 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 Dividend Payout Ratio is 1.01, which is near median its 10-year median of 1.07 and 2.5% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Daiwa House REIT Investment (TSE:8984), the current Dividend Payout Ratio is 1.01 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:

Dividend Payout Ratio: 1.01 (near median its 10-year median of 1.07)
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: 2.5% above the REITs median (#366 of 712)

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 Estate REITs

Comparable Companies TSE:8960 TSE:8972 TSE:8955 TSE:3471 TSE:3309 TSE:3279 TSE:3234 TSE:8956 TSE:8966 TSE:8957 ASX:GMG VICI WPC BSP:HSRE11 ASX:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11

Address 2-4-8, Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website https://www.daiwahouse-reit.co.jp

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

Dividend Payout Ratio 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

View TSE:8984 Analysis

See Dividend Payout Ratio data for all stocks →