Daiwa House REIT Investment (TSE:8984) Pretax Margin %: 38.10% (As of Feb. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

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
View Full Analysis

What is Daiwa House REIT Investment Pretax Margin %?

Daiwa House REIT Investment TSE:8984 +0.49% 64 Pretax Margin % is 38.10% as of Feb. 2026, which is 3% above its 10-year median of 36.97. 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 922 REITs companies, Daiwa House REIT Investment ranks worse than 56.94% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Daiwa House REIT Investment's Pre-Tax Income for the six months ended in Feb. 2026 was 円12,216 Mil. Daiwa House REIT Investment's Revenue for the six months ended in Feb. 2026 was 円32,063 Mil. Therefore, Daiwa House REIT Investment's pretax margin for the quarter that ended in Feb. 2026 was 38.10%.

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

TSE:8984' s Pretax Margin % Range Over the Past 10 Years
Min: 32.07   Med: 36.97   Max: 42.25
Current: 41.04


TSE:8984's Pretax Margin % is ranked worse than
56.94% of 922 companies
in the REITs industry
Industry Median: 47.335 vs TSE:8984: 41.04

Daiwa House REIT Investment  (TSE:8984) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Daiwa House REIT Investment Pretax Margin % Related Terms


Daiwa House REIT Investment Pretax Margin % Historical Data

* Premium members only.

The historical data trend for Daiwa House REIT Investment's Pretax Margin % 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 Pretax Margin % Chart

Daiwa House REIT Investment Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.40 38.13 37.62 33.02 42.25

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
Pretax Margin % 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 35.01 31.18 40.62 43.79 38.10

TSE:8984 vs VICI, WPC: Pretax Margin % Comparison

For the REIT - Diversified subindustry, Daiwa House REIT Investment's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs REITs Industry

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

* The bar in red indicates where Daiwa House REIT Investment's Pretax Margin % falls into.


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

Daiwa House REIT Investment Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Aug. 2025 )/Revenue (A: Aug. 2025 )
=28191.114/66721.056
=42.25 %

Daiwa House REIT Investment's Pretax Margin for the quarter that ended in Feb. 2026 is calculated as

Pretax Margin=Pre-Tax Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=12216.354/32063.367
=38.10 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 38.10% mean?
Daiwa House REIT Investment (TSE:8984) has a Pretax Margin % of 38.10% as of Feb. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Daiwa House REIT Investment and its competitors. This is near median its historical median of 36.97. Over the past decade, Daiwa House REIT Investment's Pretax Margin % has ranged from 32.07 to 42.25. According to the industry distribution chart, Daiwa House REIT Investment ranks #525 out of 922 companies in the REITs industry, placing it in the top 56.9%.
Is Daiwa House REIT Investment's Pretax Margin % too high?
Daiwa House REIT Investment's current Pretax Margin % of 38.10% is near median its 10-year median of 36.97. Over the past 10 years, this metric has ranged from a low of 32.07 to a high of 42.25. The REITs industry median Pretax Margin % is 47.34. Daiwa House REIT Investment's value of 38.10% is 19.5% below this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #525 out of 922 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 Pretax Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #525 out of 922 companies for Pretax Margin %. This places Daiwa House REIT Investment in the lower half of its industry. The industry median Pretax Margin % is 47.34. Daiwa House REIT Investment's value of 38.10% is 19.5% below this benchmark. Historically, Daiwa House REIT Investment's own Pretax Margin % has ranged from 32.07 to 42.25 over the past decade. While the company's 10-year median is 36.97 vs. the industry median of 47.34, 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 Pretax Margin % for a REITs company?
The median Pretax Margin % among REITs companies is 47.34, based on 922 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa House REIT Investment's current Pretax Margin % of 38.10% is 19.5% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Daiwa House REIT Investment and its competitors. For the REITs industry, the median Pretax Margin % is 47.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House REIT Investment's current Pretax Margin % is 38.10%, which is near median its own 10-year median of 36.97. 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 Pretax Margin % is 38.10%, which is near median its 10-year median of 36.97 and 19.5% below the REITs industry median of 47.34. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Daiwa House REIT Investment (TSE:8984), the current Pretax Margin % is 38.10% 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:

  • Pretax Margin %: 38.10% (near median its 10-year median of 36.97)
  • 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: 19.5% below the REITs median (#525 of 922)

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

Pretax Margin % 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