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Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Daiwa Office Investment 5-Year Yield-on-Cost % Related Terms
TSE:8976 vs BXP, ARE, VNO: 5-Year Yield-on-Cost % Comparison
For the REIT - Office subindustry, Daiwa Office Investment's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs REITs Industry
For the REITs industry and Real Estate sector, Daiwa Office Investment's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Daiwa Office Investment's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Daiwa Office Investment (TSE:8976) has a 5-Year Yield-on-Cost % of 4.70 as of Jul. 31, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Daiwa Office Investment and its competitors. This is 15% above median its historical median of 4.09. Over the past decade, Daiwa Office Investment's 5-Year Yield-on-Cost % has ranged from 2.81 to 6.31. According to the industry distribution chart, Daiwa Office Investment ranks #671 out of 860 companies in the REITs industry, placing it in the top 78%.
Is Daiwa Office Investment's 5-Year Yield-on-Cost % too high?
Daiwa Office Investment's current 5-Year Yield-on-Cost % of 4.70 is 15% above median its 10-year median of 4.09. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 6.31. The REITs industry median 5-Year Yield-on-Cost % is 7.33. Daiwa Office Investment's value of 4.70 is 35.8% below this industry median. Based on the distribution chart, Daiwa Office Investment ranks #671 out of 860 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 5-Year Yield-on-Cost % compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #671 out of 860 companies for 5-Year Yield-on-Cost %. This places Daiwa Office Investment in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 7.33. Daiwa Office Investment's value of 4.70 is 35.8% below this benchmark. Historically, Daiwa Office Investment's own 5-Year Yield-on-Cost % has ranged from 2.81 to 6.31 over the past decade. While the company's 10-year median is 4.09 vs. the industry median of 7.33, Daiwa Office 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 5-Year Yield-on-Cost % for a REITs company?
The median 5-Year Yield-on-Cost % among REITs companies is 7.33, based on 860 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa Office Investment's current 5-Year Yield-on-Cost % of 4.70 is 35.8% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median 5-Year Yield-on-Cost % is 7.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current 5-Year Yield-on-Cost % is 4.70, which is 15% above median its own 10-year median of 4.09. 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364,168.57, compared to a current price of 円349,000.00 — trading 4.2% below its estimated fair value. The current 5-Year Yield-on-Cost % is 4.70, which is 15% above median its 10-year median of 4.09 and 35.8% below the REITs industry median of 7.33. Daiwa Office Investment's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current 5-Year Yield-on-Cost % is 4.70 as of Jul. 31, 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 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349,000.00 is trading 4.2% below its estimated GF Value™ of 円364,168.57.
GuruFocus considers Daiwa Office Investment to be Fairly Valued.
Key valuation signals for TSE:8976:
5-Year Yield-on-Cost %: 4.70 (15% above median its 10-year median of 4.09)
GF Value™: 円364,168.57 vs. price of 円349,000.00 (4.2% below fair value)
Industry Position: 35.8% below the REITs median (#671 of 860)
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 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
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