Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Japan Real Estate Investment Corporation (8952.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$153,583.05 - $256,560.51$198,898.53
Multi-Stage$265,061.68 - $290,694.60$277,633.83
Blended Fair Value$238,266.18
Current Price$124,500.00
Upside91.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.006,053.845,637.935,537.995,495.190.000.000.000.000.00
YoY Growth---100.00%7.38%1.80%0.78%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%5.30%4.84%4.64%4.11%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74,145.16
(-) Cash Dividends Paid (M)52,022.41
(=) Cash Retained (M)22,122.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14,829.039,268.155,560.89
Cash Retained (M)22,122.7522,122.7522,122.75
(-) Cash Required (M)-14,829.03-9,268.15-5,560.89
(=) Excess Retained (M)7,293.7212,854.6116,561.86
(/) Shares Outstanding (M)5.695.695.69
(=) Excess Retained per Share1,281.512,258.572,909.93
LTM Dividend per Share9,140.399,140.399,140.39
(+) Excess Retained per Share1,281.512,258.572,909.93
(=) Adjusted Dividend10,421.9011,398.9512,050.32
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate0.24%1.24%2.24%
Fair Value$153,583.05$198,898.53$256,560.51
Upside / Downside23.36%59.76%106.07%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74,145.1675,063.0675,992.3276,933.0977,885.5078,849.7081,215.19
Payout Ratio70.16%74.13%78.10%82.07%86.03%90.00%92.50%
Projected Dividends (M)52,022.4155,644.5059,348.2963,135.2767,006.9170,964.7375,124.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.04%7.04%7.04%
Growth Rate0.24%1.24%2.24%
Year 1 PV (M)51,471.3051,984.7952,498.28
Year 2 PV (M)50,780.1551,798.4052,826.75
Year 3 PV (M)49,969.0051,479.4853,020.10
Year 4 PV (M)49,055.8951,042.9553,089.78
Year 5 PV (M)48,057.0450,502.5053,046.51
PV of Terminal Value (M)1,259,262.531,323,342.031,390,004.01
Equity Value (M)1,508,595.911,580,150.151,654,485.43
Shares Outstanding (M)5.695.695.69
Fair Value$265,061.68$277,633.83$290,694.60
Upside / Downside112.90%123.00%133.49%

High-Yield Dividend Screener

« Prev Page 29 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SUSuncor Energy Inc.5.07%$2.3153.29%
023410.KQEugene Corporation5.06%$183.4563.50%
7537.TMarubun Corporation5.06%$65.8855.36%
GLJ.DEGrenke AG5.06%$0.7954.91%
KZOS.MEKazan Public Joint Stock Company Organichesky sintez5.06%$3.3620.60%
LTLS.JKPT Lautan Luas Tbk5.06%$43.7440.34%
MDS-UN.TOHealthcare Special Opportunities Fund5.06%$0.5664.99%
PUUILO.HEPuuilo Oyj5.06%$0.6382.63%
VCI.VVitreous Glass Inc.5.06%$0.3791.09%
051600.KSKEPCO Plant Service & Engineering Co.,Ltd.5.05%$2,469.0084.53%
BLXBanco Latinoamericano de Comercio Exterior, S. A.5.05%$2.2137.06%
TLI.BKThai Life Insurance Public Company Limited5.05%$0.5047.29%
031330.KQSAMT Co., Ltd.5.04%$200.0045.01%
DCR.WADecora S.A.5.04%$3.7855.77%
PST.MIPoste Italiane S.p.A.5.04%$1.0965.05%
RDX.AXRedox Limited5.04%$0.1554.66%
UPOIC.BKUnited Palm Oil Industry Public Company Limited5.04%$0.3361.35%
WKL.ASWolters Kluwer N.V.5.04%$4.4348.01%
000600.SZJointo Energy Investment Co., Ltd. Hebei5.03%$0.4345.84%
0QNN.LBurckhardt Compression Holding AG5.03%$27.4847.49%
002233.SZGuangdong Tapai Group Co., Ltd.5.02%$0.4570.96%
9308.TInui Global Logistics Co., Ltd.5.02%$68.9239.29%
FFI.AXFFI Holdings Limited5.02%$0.2431.68%
SJWD.BKSCGJWD Logistics Public Company Limited5.02%$0.3762.75%
007590.KSDONGBANG AGRO Corporation5.01%$300.1154.47%
0151.HKWant Want China Holdings Limited5.01%$0.2363.82%
2971.TEscon Japan REIT Investment Corporation5.01%$6,447.9060.16%
BBL-R.BKBangkok Bank Public Company Limited5.01%$8.5034.27%
DIC.AEDubai Investments PJSC5.01%$0.1858.95%
006390.KSHanil Hyundai Cement Co., Ltd5.00%$900.0433.14%
600998.SSJointown Pharmaceutical Group Co., Ltd5.00%$0.2646.36%
7020.SREtihad Etisalat Company5.00%$3.3172.99%
KA8.DEKlassik Radio AG5.00%$0.1595.39%
ORDS.QAOoredoo Q.P.S.C.4.99%$0.6557.81%
002616.SZGuangdong Chant Group Inc.4.98%$0.2771.11%
039130.KSHanatour Service Inc.4.98%$2,419.0255.18%
1264.TWOTehmag Foods Corporation4.98%$13.9967.27%
1295.KLPublic Bank Berhad4.98%$0.2260.48%
AW-UN.TOA&W Revenue Royalties Income Fund4.98%$1.8492.91%
WPK.TOWinpak Ltd.4.98%$2.2699.45%
000776.SZGF Securities Co., Ltd.4.97%$1.0960.30%
5236.KLMatrix Concepts Holdings Berhad4.97%$0.0756.54%
601298.SSQingdao Port International Co., Ltd.4.97%$0.4149.05%
7133.KLUnited U-LI Corporation Berhad4.97%$0.0846.08%
9925.TWTaiwan Shin Kong Security Co., Ltd.4.97%$2.0281.40%
034590.KSIncheon City Gas Co., Ltd.4.96%$1,251.1528.53%
0QP4.ILGeorg Fischer AG4.96%$2.6644.86%
4163.SRAl-Dawaa Medical Services Company4.96%$2.5157.67%
9163.TNareru Group Inc.4.96%$114.0343.61%
CPFE3.SACPFL Energia S.A.4.96%$2.6656.33%