Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Search

Daiwa House REIT Investment Corporation (8984.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$270,255.29 - $840,317.21$432,835.66
Multi-Stage$288,895.26 - $316,249.00$302,317.70
Blended Fair Value$367,576.68
Current Price$128,100.00
Upside186.95%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.88%16.39%6,421.915,705.995,662.355,836.815,366.695,309.374,371.593,717.863,024.901,450.57
YoY Growth--12.55%0.77%-2.99%8.76%1.08%21.45%17.58%22.91%108.53%3.08%
Dividend Yield--5.01%4.84%4.10%3.63%3.30%3.83%3.12%2.89%2.25%0.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)48,622.53
(-) Cash Dividends Paid (M)39,721.80
(=) Cash Retained (M)8,900.73
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9,724.516,077.823,646.69
Cash Retained (M)8,900.738,900.738,900.73
(-) Cash Required (M)-9,724.51-6,077.82-3,646.69
(=) Excess Retained (M)-823.782,822.915,254.04
(/) Shares Outstanding (M)4.614.614.61
(=) Excess Retained per Share-178.53611.771,138.64
LTM Dividend per Share8,608.398,608.398,608.39
(+) Excess Retained per Share-178.53611.771,138.64
(=) Adjusted Dividend8,429.869,220.169,747.03
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate3.26%4.26%5.26%
Fair Value$270,255.29$432,835.66$840,317.21
Upside / Downside110.97%237.89%555.99%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)48,622.5350,694.4952,854.7455,107.0557,455.3359,903.6961,700.80
Payout Ratio81.69%83.36%85.02%86.68%88.34%90.00%92.50%
Projected Dividends (M)39,721.8042,256.5944,935.2747,765.5250,755.3853,913.3257,073.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.48%6.48%6.48%
Growth Rate3.26%4.26%5.26%
Year 1 PV (M)39,303.5339,684.1640,064.78
Year 2 PV (M)38,874.2239,630.8040,394.66
Year 3 PV (M)38,434.9239,562.4040,711.72
Year 4 PV (M)37,986.6339,479.6241,016.19
Year 5 PV (M)37,530.2939,383.0841,308.33
PV of Terminal Value (M)1,140,923.561,197,248.451,255,776.20
Equity Value (M)1,333,053.161,394,988.501,459,271.88
Shares Outstanding (M)4.614.614.61
Fair Value$288,895.26$302,317.70$316,249.00
Upside / Downside125.52%136.00%146.88%

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%