Performance

DAIWA is one of the leading appraisal firms in Japan.

Revenue Ranking of Appraisal Firms in Japan

Company's name Revenue (Thousand yen)
2022 2023 2024
Daiwa Real Estate Appraisal 4,626,002 5,383,026 5,438,450
Japan Real Estate Institute 9,687,733 10,861,569 11,005,526
Tanizawa Sogo Appraisal 3,233,486 3,760,112 3,711,242
JLL Morii Valuation & Advisory 1,766,435 2,002,101 2,381,145
CBRE 1,665,409 1,649,468 1,742,749
MU Real Estate Appraisal 1,843,643 1,812,588 1,691,305
Sanyu Appraisal Corporation 1,242,329 1,342,605 1,435,367
SMBC Real Estate Appraisal Services 1,376,740 1,409,033 1,377,598
2024
Company's name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 5,438,450
Japan Real Estate Institute 11,005,526
Tanizawa Sogo Appraisal 3,711,242
JLL Morii Valuation & Advisory 2,381,145
CBRE 1,742,749
MU Real Estate Appraisal 1,691,305
Sanyu Appraisal Corporation 1,435,367
SMBC Real Estate Appraisal Services 1,377,598
2023
Company's name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 5,383,026
Japan Real Estate Institute 10,861,569
Tanizawa Sogo Appraisal 3,760,112
JLL Morii Valuation & Advisory 2,002,101
CBRE 1,649,468
MU Real Estate Appraisal 1,812,588
Sanyu Appraisal Corporation 1,342,605
SMBC Real Estate Appraisal Services 1,409,033
2022
Company's name Revenue
(Thousand yen)
Daiwa Real Estate Appraisal 4,626,002
Japan Real Estate Institute 9,687,733
Tanizawa Sogo Appraisal 3,233,486
JLL Morii Valuation & Advisory 1,766,435
CBRE 1,665,409
MU Real Estate Appraisal 1,843,643
Sanyu Appraisal Corporation 1,242,329
SMBC Real Estate Appraisal Services 1,376,740

Source: Ministry of Land, Infrastructure, Transport and Tourism

Number of Appraised Properties Owned by J-REITs

Company's name Number of Properties
Daiwa Real Estate Appraisal 1,067
Japan Real Estate Institute 1,603
Tanizawa Sogo Appraisal 978
JLL Morii Valuation & Advisory 442
Japan Valuers 290
Chuo Real Estate Appraisal 203
CBRE 93
Others 154

As of March 2025

Number of Appraised Properties Owned by J-REITs, Categorized by Asset Type

Asset type Office Residence Retail Hotel Healthcare Logistics Leased fee
interests
in land
Other assets Grand Total
Number of J-REIT Properties
Appraised by Daiwa
353 444 93 70 55 25 25 2 1,067
Our Share 34.27% 21.6% 20.4% 18.4% 24.2% 5.3% 14.2% 5.3% 22.1%
Asset type Number of J-REIT Properties
Appraised by Daiwa
Our Share
Office 353 34.27%
Residence 444 21.6%
Retail 93 20.4%
Hotel 70 18.4%
Healthcare 55 24.2%
Logistics 25 5.3%
Leased fee interests in land 25 14.2%
Other assets 2 5.3%
Grand Total 1,067 22.1%

As of March 2025

Building Survey Performance

By Asset type Office Residence Retail Hotel Healthcare Logistics Factory Other assets Grand Total
Surveyed by Daiwa 1,915 4,483 878 1,128 315 846 162 393 10,120
Share 18.9% 44.3% 8.7% 11.1% 3.1% 8.4% 1.6% 3.9% 100.0%
By Asset type Surveyed
by Daiwa
Our Share
Office 1,915 18.9%
Residence 4,483 44.3%
Retail 878 8.7%
Hotel 1,128 11.1%
Healthcare 315 3.1%
Logistics 846 8.4%
Factory 162 1.6%
Other assets 393 3.9%
Grand Total 10,120 100.0%

As of March 2025