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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Daiwa House REIT Investment's annualized net income for the quarter that ended in Feb. 2026 was 円24,426 Mil. Daiwa House REIT Investment's average shareholder tangible equity for the quarter that ended in Feb. 2026 was 円447,894 Mil. Therefore, Daiwa House REIT Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Feb. 2026 was 5.45%.
The historical rank and industry rank for Daiwa House REIT Investment's Return-on-Tangible-Equity or its related term are showing as below:
TSE:8984'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.46 Med: 5 Max: 6.19
Current: 6.05
During the past 13 years, Daiwa House REIT Investment's highest Return-on-Tangible-Equity was 6.19%. The lowest was 4.46%. And the median was 5.00%.
TSE:8984's Return-on-Tangible-Equity is ranked worse than 52.64% of 927
companies
in the REITs industry
Industry Median: 6.27
vs TSE:8984: 6.05
Daiwa House REIT Investment (TSE:8984) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Daiwa House REIT Investment Return-on-Tangible-Equity Related Terms
Daiwa House REIT Investment Return-on-Tangible-Equity Historical Data
* 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 Return-on-Tangible-Equity Chart
TSE:8984 vs VICI, WPC: Return-on-Tangible-Equity Comparison
For the REIT - Diversified subindustry, Daiwa House REIT Investment's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa House REIT Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Daiwa House REIT Investment's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Feb. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.45% mean?
Daiwa House REIT Investment (TSE:8984) has a Return-on-Tangible-Equity of 5.45% as of Feb. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Daiwa House REIT Investment and its competitors. This is near median its historical median of 5.00. Over the past decade, Daiwa House REIT Investment's Return-on-Tangible-Equity has ranged from 4.46 to 6.19. According to the industry distribution chart, Daiwa House REIT Investment ranks #488 out of 927 companies in the REITs industry, placing it in the top 52.6%.
Is Daiwa House REIT Investment's Return-on-Tangible-Equity too high?
Daiwa House REIT Investment's current Return-on-Tangible-Equity of 5.45% is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 6.19. The REITs industry median Return-on-Tangible-Equity is 6.27. Daiwa House REIT Investment's value of 5.45% is 13.1% below this industry median. Based on the distribution chart, Daiwa House REIT Investment ranks #488 out of 927 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 Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Daiwa House REIT Investment ranks #488 out of 927 companies for Return-on-Tangible-Equity. This places Daiwa House REIT Investment in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Daiwa House REIT Investment's value of 5.45% is 13.1% below this benchmark. Historically, Daiwa House REIT Investment's own Return-on-Tangible-Equity has ranged from 4.46 to 6.19 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.27, 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa House REIT Investment's current Return-on-Tangible-Equity of 5.45% is 13.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Daiwa House REIT Investment and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House REIT Investment's current Return-on-Tangible-Equity is 5.45%, which is near median its own 10-year median of 5.00. 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 Return-on-Tangible-Equity is 5.45%, which is near median its 10-year median of 5.00 and 13.1% below the REITs industry median of 6.27. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Daiwa House REIT Investment (TSE:8984), the current Return-on-Tangible-Equity is 5.45% 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:
Return-on-Tangible-Equity: 5.45% (near median its 10-year median of 5.00)
GF Value™: 円127,738.30 vs. price of 円124,100.00 (2.8% below fair value)
Industry Position: 13.1% below the REITs median (#488 of 927)
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 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
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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