Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Hulic Reit, Inc. (3295.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$281,714.75 - $595,546.18$399,495.96
Multi-Stage$350,624.79 - $383,909.28$366,956.13
Blended Fair Value$383,226.05
Current Price$166,600.00
Upside130.03%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS4.15%11.13%7,653.587,062.737,180.146,936.597,221.816,246.875,862.485,377.444,486.033,210.02
YoY Growth--8.37%-1.64%3.51%-3.95%15.61%6.56%9.02%19.87%39.75%20.50%
Dividend Yield--4.59%5.00%4.42%4.18%3.90%4.51%3.12%3.29%2.69%1.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22,361.84
(-) Cash Dividends Paid (M)15,432.05
(=) Cash Retained (M)6,929.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,472.372,795.231,677.14
Cash Retained (M)6,929.796,929.796,929.79
(-) Cash Required (M)-4,472.37-2,795.23-1,677.14
(=) Excess Retained (M)2,457.424,134.565,252.65
(/) Shares Outstanding (M)1.441.441.44
(=) Excess Retained per Share1,706.542,871.223,647.68
LTM Dividend per Share10,716.7010,716.7010,716.70
(+) Excess Retained per Share1,706.542,871.223,647.68
(=) Adjusted Dividend12,423.2513,587.9214,364.38
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate2.52%3.52%4.52%
Fair Value$281,714.75$399,495.96$595,546.18
Upside / Downside69.10%139.79%257.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22,361.8423,148.8923,963.6524,807.0825,680.1926,584.0427,381.56
Payout Ratio69.01%73.21%77.41%81.60%85.80%90.00%92.50%
Projected Dividends (M)15,432.0516,946.9618,549.3920,243.6322,034.1523,925.6425,327.94

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate2.52%3.52%4.52%
Year 1 PV (M)15,679.3315,832.2715,985.21
Year 2 PV (M)15,878.2016,189.4716,503.76
Year 3 PV (M)16,032.3016,506.0416,989.02
Year 4 PV (M)16,145.0516,784.2617,442.26
Year 5 PV (M)16,219.6817,026.3217,864.73
PV of Terminal Value (M)424,945.13446,078.47468,044.37
Equity Value (M)504,899.70528,416.83552,829.36
Shares Outstanding (M)1.441.441.44
Fair Value$350,624.79$366,956.13$383,909.28
Upside / Downside110.46%120.26%130.44%

High-Yield Dividend Screener

« Prev Page 2 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0081.HKChina Overseas Grand Oceans Group Limited15.97%$0.3160.87%
QRF.BRQrf Comm. VA15.92%$1.6488.42%
INC-UN.TOIncome Financial Trust15.90%$1.4843.23%
QRI.AXQualitas Real Estate Income Fund15.90%$0.2594.00%
9172.KLFormosa Prosonic Industries Berhad15.89%$0.1872.55%
1099.HKSinopharm Group Co. Ltd.15.88%$3.1363.13%
XBBDC.MCBanco Bradesco S.A.15.82%$0.4623.31%
LPIN.JKPT Multi Prima Sejahtera Tbk15.59%$69.5396.86%
LFG.AXLiberty Financial Group Limited15.46%$0.6679.98%
ALPDX.PAPiscines Desjoyaux S.A.15.43%$2.0088.06%
2660.HKZengame Technology Holding Limited15.29%$0.3942.93%
CD3.AXCD Private Equity Fund III15.14%$0.1791.41%
PAGSPagSeguro Digital Ltd.15.12%$1.4619.46%
0912.HKSuga International Holdings Limited15.10%$0.1669.91%
RUI.PARubis15.03%$4.8772.73%
WAM.AXWAM Capital Limited15.01%$0.2767.95%
0113.HKDickson Concepts (International) Limited15.00%$0.8467.46%
0830.HKChina State Construction Development Holdings Limited14.96%$0.1834.59%
FFARM.ASForFarmers N.V.14.96%$0.6785.82%
BM.BKBangkok Sheet Metal Public Company Limited14.94%$0.1777.02%
DGS.TODividend Growth Split Corp.14.90%$1.1529.30%
6110.HKTopsports International Holdings Limited14.83%$0.4376.21%
GLB.AXGlobe International Limited14.83%$0.3872.14%
MOT.AXMetrics Income Opportunities Trust14.82%$0.2879.33%
CIQ-UN.TOCanadian High Income Equity Fund14.80%$1.0424.28%
BBVA.DEBanco Bilbao Vizcaya Argentaria, S.A.14.69%$0.6438.92%
601169.SSBank of Beijing Co., Ltd.14.63%$0.8064.51%
0184.HKKeck Seng Investments (Hong Kong) Limited14.62%$0.3123.90%
0881.HKZhongsheng Group Holdings Limited14.56%$1.7065.93%
6626.HKYuexiu Services Group Limited14.51%$0.3664.32%
ALNU.MEPJSC ALROSA-Nyurba14.51%$9,491.6654.89%
NONG.OLSpareBank 1 Nord-Norge14.36%$21.7372.60%
0640.HKInfinity Development Holdings Company Limited14.32%$0.3651.92%
2558.HKJinshang Bank Co., Ltd.14.28%$0.2031.14%
0270.HKGuangdong Investment Limited14.27%$0.9899.44%
0517.HKCOSCO SHIPPING International (Hong Kong) Co., Ltd.14.01%$0.8888.71%
2560.HKAnhui Conch Material Technology Co Ltd14.01%$0.2449.79%
WTCM.MEJoint Stock Company "World Trade Center Moscow"13.98%$1.9924.33%
6186.HKChina Feihe Limited13.94%$0.5681.20%
601186.SSChina Railway Construction Corporation Limited13.92%$1.0764.40%
CFEB.BRCompagnie d'Entreprises CFE S.A.13.92%$1.2171.32%
PMV.AXPremier Investments Limited13.92%$1.9251.67%
601229.SSBank of Shanghai Co., Ltd.13.82%$1.4093.74%
2120.HKWenzhou Kangning Hospital Co., Ltd.13.78%$1.3769.01%
DLNGDynagas LNG Partners LP13.72%$0.5131.08%
MXT.AXMetrics Master Income Trust13.71%$0.2785.17%
0085.HKChina Electronics Huada Technology Company Limited13.70%$0.1947.52%
0046.HKComputer And Technologies Holdings Limited13.69%$0.2285.50%
601328.SSBank of Communications Co., Ltd.13.66%$0.9992.22%
AKER.OLAker ASA13.66%$106.4372.10%