Vacancies and Falling Rents at Rental Properties
First written in FY2016. 1 of 3 entries say "Mitigated", first in FY2020. Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 11 of 31 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Daiwa Living Co., Ltd. has achieved an increase in the number of properties under management and maintained a high occupancy rate through the provision of D-ROOM, high-quality, comfortable rental housing chosen by a diverse range of residents, as well as through the successful strengthening of its renovation business.」
It indicated that improving D-ROOM quality and strengthening the renovation business had led to an increase in properties under management and the maintenance of a high occupancy rate. - FY2020MitigatedAnnual report
「In contrast, a key strength of the company is the exceptionally high occupancy rate of 97% in its property management and operations business.」
Discloses a 97% occupancy rate in its property management and operations business as a strength in mitigating the vacancy risk of rental properties. - FY2016First statedAnnual report
「Intensifying competition to attract tenants and other factors could make it impossible to secure tenants and rents as planned. If an existing tenant moves out, the vacancy period before a replacement tenant moves in could be prolonged, potentially causing a significant decline in the occupancy rate of the property.」
The disclosure describes intensifying competition, tenant departures, prolonged vacancies and rent reductions as risks to the leasing business.