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

Industrial & Infrastructure Fund Investment Corporation (3249.T)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$1,232,952.18 - $2,803,322.45$2,627,123.68
Multi-Stage$433,215.07 - $473,297.39$452,891.37
Blended Fair Value$1,540,007.52
Current Price$123,700.00
Upside1,144.95%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS7.88%10.60%6,692.415,549.255,333.885,424.584,949.194,580.873,826.773,611.952,593.422,762.27
YoY Growth--20.60%4.04%-1.67%9.61%8.04%19.71%5.95%39.27%-6.11%13.02%
Dividend Yield--5.77%4.49%3.58%2.91%2.34%2.32%2.69%2.99%2.08%1.98%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)34,032.84
(-) Cash Dividends Paid (M)32,031.45
(=) Cash Retained (M)2,001.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,806.574,254.112,552.46
Cash Retained (M)2,001.402,001.402,001.40
(-) Cash Required (M)-6,806.57-4,254.11-2,552.46
(=) Excess Retained (M)-4,805.17-2,252.71-551.07
(/) Shares Outstanding (M)2.412.412.41
(=) Excess Retained per Share-1,990.23-933.04-228.24
LTM Dividend per Share13,266.9513,266.9513,266.95
(+) Excess Retained per Share-1,990.23-933.04-228.24
(=) Adjusted Dividend11,276.7212,333.9113,038.71
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate5.50%6.50%7.50%
Fair Value$1,232,952.18$2,627,123.68$2,803,322.45
Upside / Downside896.73%2,023.79%2,166.23%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)34,032.8436,244.9838,600.9041,109.9643,782.1146,627.9448,026.78
Payout Ratio94.12%93.30%92.47%91.65%90.82%90.00%92.50%
Projected Dividends (M)32,031.4533,814.8935,694.8437,676.3339,764.5941,965.1544,424.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)31,463.3031,761.5332,059.76
Year 2 PV (M)30,902.8231,491.4432,085.60
Year 3 PV (M)30,349.9231,221.1632,108.91
Year 4 PV (M)29,804.5030,950.7032,129.64
Year 5 PV (M)29,266.4830,680.0632,147.74
PV of Terminal Value (M)894,158.12937,346.29982,187.37
Equity Value (M)1,045,945.151,093,451.181,142,719.03
Shares Outstanding (M)2.412.412.41
Fair Value$433,215.07$452,891.37$473,297.39
Upside / Downside250.21%266.12%282.62%

High-Yield Dividend Screener

« Prev Page 3 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BLWBlackRock Limited Duration Income Trust11.50%$1.5893.39%
ELCEntergy Louisiana, LLC COLLATERAL TR MT11.33%$2.3457.35%
VIASPVia Renewables, Inc.11.33%$2.8849.21%
BUIBlackRock Utilities, Infrastructure & Power Opportunities Trust11.31%$2.9358.72%
JPCNuveen Preferred & Income Opportunities Fund11.24%$0.9167.43%
RILYB. Riley Financial, Inc.11.21%$0.5856.91%
PFOFlaherty & Crumrine Preferred Income Opportunity Fund Inc.11.06%$1.0543.18%
OXLCIOxford Lane Capital Corp.11.05%$2.8369.26%
USB-PSU.S. Bancorp Depositary Shares,10.98%$2.0243.68%
FLCFlaherty & Crumrine Total Return Fund Inc.10.93%$1.9242.77%
UTGReaves Utility Income Fund10.78%$4.0043.20%
CEMClearBridge MLP and Midstream Fund Inc10.77%$5.6046.76%
AIVApartment Investment and Management Company10.76%$0.6336.20%
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.10.71%$0.9942.71%
CALMCal-Maine Foods, Inc.10.70%$8.4032.04%
EMOClearBridge Energy Midstream Opportunity Fund Inc10.65%$4.7926.74%
CTRClearBridge MLP and Midstream Total Return Fund Inc.10.63%$5.0047.43%
EIMEaton Vance Municipal Bond Fund10.57%$1.0364.33%
VZAVerizon Communications, 5.9% 15 Feb 205410.57%$2.7049.90%
BPOPMPopular Capital Trust II PFD GTD 6.125%10.45%$2.6726.93%
RITMRithm Capital Corp.10.45%$1.1571.36%
IHTAInvesco High Income 2024 Target Term Fund10.33%$0.7826.82%
WUThe Western Union Company10.30%$0.9540.76%
ERHAllspring Utilities and High Income Fund10.26%$1.2231.06%
GDVThe Gabelli Dividend & Income Trust10.25%$2.8539.93%
CIIBlackRock Enhanced Capital and Income Fund, Inc.10.23%$2.3844.19%
GBDCGolub Capital BDC, Inc.10.19%$1.3897.76%
PVCMXPalm Valley Capital Fund Investor Class10.19%$1.2483.81%
AEDVXEmerging Markets Debt Fund - Investor Class9.95%$0.9476.80%
HYTBlackRock Corporate High Yield Fund, Inc.9.83%$0.8799.09%
FFCFlaherty & Crumrine Preferred Securities Income Fund Inc.9.79%$1.6337.81%
WENThe Wendy's Company9.78%$0.8082.75%
CMSACMS Energy Corporation 5.6% JRSUB NT 789.77%$2.1762.27%
HIEMiller/Howard High Income Equity Fund9.63%$1.2198.11%
NMSNuveen Minnesota Quality Municipal Income Fund9.54%$1.1237.02%
CMSCCMS Energy Corporation 5.875% J9.48%$2.1762.27%
NEE-PNNextEra Energy, Inc. Series N J9.24%$2.2170.10%
CMSDCMS Energy Corporation 5.875% Junior Subordinated Notes due 20799.20%$2.1762.27%
VFLabrdn National Municipal Income Fund9.06%$0.9334.18%
UANCVR Partners, LP8.96%$9.0975.52%
GGZThe Gabelli Global Small and Mid Cap Value Trust8.95%$1.3448.03%
SUNSSunrise Realty Trust, Inc.8.95%$0.8388.91%
PTYPIMCO Corporate & Income Opportunity Fund8.93%$1.1588.40%
ATHSAthene Holding Ltd. 7.250% Fixe8.86%$2.2214.14%
APAMArtisan Partners Asset Management Inc.8.83%$3.6697.93%
VLTInvesco High Income Trust II8.83%$0.9846.97%
VTNInvesco Trust for Investment Grade New York Municipals8.75%$1.0165.99%
JEQAbrdn Japan Equity Fund Inc8.73%$0.6943.45%
MOAltria Group, Inc.8.69%$4.9894.54%
JGGCJaguar Global Growth Corporation I8.63%$0.1563.08%