Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Canadian Net Real Estate Investment Trust (NET-UN.V)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$56.22 - $130.20$122.02
Multi-Stage$19.49 - $21.32$20.38
Blended Fair Value$71.20
Current Price$5.48
Upside1,199.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.61%28.93%0.340.340.340.270.180.120.090.060.040.03
YoY Growth---0.05%1.84%24.91%48.56%52.80%33.97%43.57%49.98%20.04%26.98%
Dividend Yield--6.47%6.93%6.34%3.34%2.61%2.17%1.59%1.07%0.71%0.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)13.48
(-) Cash Dividends Paid (M)7.13
(=) Cash Retained (M)6.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.701.681.01
Cash Retained (M)6.356.356.35
(-) Cash Required (M)-2.70-1.68-1.01
(=) Excess Retained (M)3.664.675.34
(/) Shares Outstanding (M)20.5920.5920.59
(=) Excess Retained per Share0.180.230.26
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.180.230.26
(=) Adjusted Dividend0.520.570.61
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate5.50%6.50%7.50%
Fair Value$56.22$122.02$130.20
Upside / Downside925.84%2,126.60%2,275.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13.4814.3615.2916.2817.3418.4719.02
Payout Ratio52.87%60.29%67.72%75.15%82.57%90.00%92.50%
Projected Dividends (M)7.138.6610.3512.2414.3216.6217.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)8.058.138.20
Year 2 PV (M)8.969.139.30
Year 3 PV (M)9.8510.1310.42
Year 4 PV (M)10.7211.1411.56
Year 5 PV (M)11.5812.1412.72
PV of Terminal Value (M)352.01369.02386.67
Equity Value (M)401.18419.69438.88
Shares Outstanding (M)20.5920.5920.59
Fair Value$19.49$20.38$21.32
Upside / Downside255.58%271.98%288.99%

High-Yield Dividend Screener

« Prev Page 19 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
2979.TSOSiLA Logistics REIT, Inc.6.51%$8,225.4581.63%
5135.KLSarawak Plantation Berhad6.51%$0.2057.64%
TOTB.DETotalEnergies SE6.51%$3.6556.75%
0QNK.LWarteck Invest AG6.49%$126.0080.72%
6605.TWDepo Auto Parts Industrial Co., Ltd.6.49%$8.9365.56%
INCLU.BRInclusio S.A.6.49%$1.1617.79%
TUGU.JKPT Asuransi Tugu Pratama Indonesia Tbk6.49%$76.8936.75%
014580.KSTaekyung Bk Co., Ltd6.48%$298.2330.77%
3485.TWOEclat Forever Machinery Co., Ltd.6.48%$8.8769.07%
3933.HKThe United Laboratories International Holdings Limited6.48%$0.7623.13%
JBH.AXJB Hi-Fi Limited6.48%$6.2475.94%
SGLLV.AXRicegrowers Limited6.48%$1.0754.55%
SJOVA.ICSjóvá-Almennar tryggingar hf.6.48%$2.8390.10%
010960.KSSamho Development Co., Ltd.6.47%$239.2128.41%
FIBRAMQ12.MXFIBRA Macquarie México6.47%$2.1939.90%
FWD.AXFleetwood Limited6.47%$0.1894.88%
VLID3.SAValid Soluções S.A.6.46%$1.3644.64%
214320.KSInnocean Worldwide Inc.6.45%$1,180.0956.54%
3481.TMitsubishi Estate Logistics REIT Investment Corporation6.45%$8,568.4374.88%
TMW.BKThai Mitsuwa Public Company Limited6.45%$3.6127.20%
IMPACT.BKImpact Growth Real Estate Investment Trust6.44%$0.6790.64%
1969.HKChina Chunlai Education Group Co., Ltd.6.43%$0.2318.54%
ALICA.PAIcape Holding S.A.6.43%$0.3845.20%
KBANK-R.BKKasikornbank Public Company Limited6.43%$12.5059.49%
KUMWEL.BKKumwell Corporation Public Company Limited6.43%$0.0745.73%
SLL.DESBO AG6.42%$1.7584.82%
TFF.PATFF Group6.42%$1.2330.40%
8958.TGlobal One Real Estate Investment Corp.6.41%$8,838.2459.36%
AALLON.HEAallon Group Oyj6.41%$0.6863.85%
PL8.AXPlato Income Maximiser Limited6.41%$0.0947.21%
PTT-R.BKPTT Public Company Limited6.41%$2.0578.59%
461300.KQi-Scream Media Co. Ltd.6.39%$1,098.5144.35%
FLRY3.SAFleury S.A.6.39%$0.9586.00%
000666.SZJingwei Textile Machinery Company Limited6.38%$0.5740.17%
013870.KSGMB Korea Corp.6.38%$256.3527.15%
2669.HKChina Overseas Property Holdings Limited6.38%$0.2929.88%
NRP.ASNEPI Rockcastle S.A.6.38%$0.4730.96%
2247.TWPan German Universal Motors Ltd.6.37%$17.9678.50%
MSC.BKMetro Systems Corporation Public Company Limited6.37%$0.5073.61%
017800.KSHyundai Elevator Co., Ltd6.36%$5,588.0485.50%
035250.KSKangwon Land, Inc.6.36%$1,169.5764.65%
5108.TBridgestone Corporation6.36%$223.5463.02%
FSHOP13.MXFibra Shop6.36%$0.5814.91%
FTREIT.BKFrasers Property Thailand Industrial Freehold & Leasehold REIT6.36%$0.7582.90%
0RG6.LFlughafen Zürich AG6.35%$11.0051.63%
0ZQ7.LInstone Real Estate Group SE6.35%$0.5079.32%
ENEL.MIEnel S.p.A.6.35%$0.5790.97%
STANLY.BKThai Stanley Electric Public Company Limited6.35%$12.0052.87%
TASCO-R.BKTipco Asphalt Public Company Limited6.35%$0.8788.88%
603279.SSJingjin Equipment Inc.6.34%$1.0799.67%