Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

NIPPON REIT Investment Corporation (3296.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$156,634.65 - $285,424.27$210,086.99
Multi-Stage$266,067.78 - $291,989.37$278,781.30
Blended Fair Value$244,434.15
Current Price$88,400.00
Upside176.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.29%36.82%4,619.344,318.945,135.155,741.604,542.694,553.593,869.833,501.883,291.911,753.87
YoY Growth--6.96%-15.89%-10.56%26.39%-0.24%17.67%10.51%6.38%87.69%772.98%
Dividend Yield--6.07%5.14%5.91%5.60%4.90%3.81%4.25%4.33%4.62%2.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19,723.24
(-) Cash Dividends Paid (M)12,570.48
(=) Cash Retained (M)7,152.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,944.652,465.401,479.24
Cash Retained (M)7,152.757,152.757,152.75
(-) Cash Required (M)-3,944.65-2,465.40-1,479.24
(=) Excess Retained (M)3,208.104,687.355,673.51
(/) Shares Outstanding (M)1.791.791.79
(=) Excess Retained per Share1,790.352,615.873,166.22
LTM Dividend per Share7,015.237,015.237,015.23
(+) Excess Retained per Share1,790.352,615.873,166.22
(=) Adjusted Dividend8,805.589,631.1010,181.45
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate0.81%1.81%2.81%
Fair Value$156,634.65$210,086.99$285,424.27
Upside / Downside77.19%137.65%222.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19,723.2420,081.1620,445.5820,816.6121,194.3821,579.0022,226.37
Payout Ratio63.73%68.99%74.24%79.49%84.75%90.00%92.50%
Projected Dividends (M)12,570.4813,853.4915,178.9316,547.9117,961.5719,421.1020,559.39

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate0.81%1.81%2.81%
Year 1 PV (M)12,882.3613,010.1413,137.92
Year 2 PV (M)13,125.4213,387.1013,651.36
Year 3 PV (M)13,306.1213,706.0114,113.85
Year 4 PV (M)13,430.3913,971.2514,528.28
Year 5 PV (M)13,503.7414,186.8914,897.42
PV of Terminal Value (M)410,514.83431,282.63452,882.56
Equity Value (M)476,762.87499,544.03523,211.38
Shares Outstanding (M)1.791.791.79
Fair Value$266,067.78$278,781.30$291,989.37
Upside / Downside200.98%215.36%230.30%

High-Yield Dividend Screener

« Prev Page 26 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600036.SSChina Merchants Bank Co., Ltd.5.46%$2.3039.04%
7296.TF.C.C. Co., Ltd.5.46%$202.4061.47%
BPF-UN.TOBoston Pizza Royalties Income Fund5.46%$1.2581.66%
SONDA.SNSonda S.A.5.46%$18.7857.64%
0062.HKTransport International Holdings Limited5.45%$0.5845.75%
AGN.ASAegon N.V.5.45%$0.3645.01%
CGCBV.HECargotec Corporation5.45%$2.1313.30%
LEVE3.SAMAHLE Metal Leve S.A.5.45%$1.8342.42%
RATCH-R.BKRatch Group Public Company Limited5.45%$1.6162.39%
071320.KSKorea District Heating Corp.5.44%$5,144.2919.59%
3051.TWOptimax Technology Corporation5.44%$1.0172.99%
LSIP.JKPT Perusahaan Perkebunan London Sumatra Indonesia Tbk5.44%$64.9923.07%
4580.TWOValue Valves Co., Ltd.5.43%$4.4379.29%
BNBR3.SABanco do Nordeste do Brasil S.A.5.43%$5.9820.89%
1866.HKChina XLX Fertiliser Ltd.5.42%$0.5022.65%
4207.TWOTaiwan Fructose Co., Ltd.5.42%$1.0061.33%
8955.TJapan Prime Realty Investment Corporation5.42%$5,726.8966.85%
8TRA.DETraton SE5.42%$1.7047.75%
AMATA.BKAmata Corporation Public Company Limited5.42%$0.9033.06%
CRECCrescera Capital Acquisition Corp.5.42%$0.5940.15%
9907.TWTon Yi Industrial Corp.5.41%$0.9770.39%
004970.KSSilla Co.,Ltd5.40%$499.3456.25%
JDE.DEJDE Peet's N.V.5.40%$1.7274.35%
0QU6.LHIAG Immobilien Holding AG5.39%$6.3944.68%
3022.TWIEI Integration Corp.5.39%$3.5169.75%
4105.TWOTTY Biopharm Company Limited5.39%$4.3568.65%
BNORDIK-CSE.COP/F BankNordik5.39%$8.3624.49%
003550.KSLG Corp.5.38%$4,358.8394.91%
2414.TWUnitech Computer Co., Ltd.5.38%$2.1971.08%
9627.SRTwareat Medical Care Co.5.38%$0.6671.63%
AMARC.BKAsia Medical and Agricultural Laboratory and Research Center Public Company Limited5.38%$0.1438.50%
MDNE3.SAMoura Dubeux Engenharia S.A.5.38%$1.2429.60%
001286.SZShaanxi Energy Investment5.37%$0.5064.09%
82020.HKANTA Sports-r5.37%$3.8940.14%
CCN.PACaisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Société coopérative5.37%$7.0126.05%
ENGH.TOEnghouse Systems Limited5.37%$1.0879.39%
G07.SIGreat Eastern Holdings Limited5.37%$0.8240.54%
GEMA.JKPT Gema Grahasarana Tbk5.37%$5.1529.14%
HNK1.DEHeineken N.V.5.37%$3.7183.13%
SELER.PASelectirente5.37%$4.4033.09%
600750.SSJiang Zhong Pharmaceutical Co.,Ltd5.36%$1.2493.11%
000883.SZHubei Energy Group Co., Ltd.5.35%$0.2493.11%
039570.KSHDC I-Controls Co., Ltd.5.35%$448.0048.81%
AB9.DEABO Energy GmbH & Co. KGaA5.35%$0.6511.20%
CUP.AXCount Limited5.35%$0.068.76%
RB.SWReckitt Benckiser Group plc5.35%$2.8967.01%
0411.HKLam Soon (Hong Kong) Limited5.34%$0.6027.98%
1342.TWCathay Consolidated, Inc.5.34%$4.7687.76%
9612.SRSama Healthy Water Factory Co.5.34%$0.1039.45%
000521.SZChanghong Meiling Co., Ltd.5.33%$0.3554.63%