Daiwa Securities Living Investment Corporation (JRHIF) Research

Daiwa Securities Living Investment Corporation (JRHIF), a specialized Real Estate Investment Trust (REIT), was listed on the Tokyo Stock Exchange (TSE: 8986) in June 2006. It primarily focuses its investments on residential rental properties located in Japan's major metropolitan areas and key regional cities, such as Sapporo, Sendai, Nagoya, Osaka, and Fukuoka. Since its acquisition of Prospect Reit Investment Corporation in July 2010, the trust, managed by Daiwa Real Estate Asset Management Co., Ltd., has actively pursued strategies to enhance investor distributions. These strategies include dynamically adjusting its portfolio by acquiring new properties and divesting existing ones, rigorously optimizing operations to achieve high occupancy rates, and implementing various cost-reduction measures. A significant development occurred in December 2015 when Daiwa Securities Group Inc. became a new sponsor by increasing its stake in the asset management company. Through a sponsor-support agreement with Daiwa Securities Group headquarters, the Investment Corporation now leverages this robust backing to pursue sustained and stable growth. JRHIF's ultimate objective remains the maximization of profits for its investors, and it continually seeks the ongoing support and confidence of its unitholders.

Market snapshot

Symbol
JRHIF
Price
$642.54
Day change
0.00%
Market cap
$234.8B
P/E ratio
17.46x
52-week range
570-696.69
Sector
Real Estate
Industry
REIT - Residential

Peer companies

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  • Primary Health Properties PLC (PHPRF)
  • Reit 1 Ltd (RETDF)

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