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One REIT, Inc. (3290.T)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$366,042.27 - $765,959.73$517,182.03
Multi-Stage$461,351.22 - $505,245.09$482,887.58
Blended Fair Value$500,034.80
Current Price$89,600.00
Upside458.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.02%6.85%9,367.219,005.919,305.429,381.059,293.288,901.727,440.406,560.364,881.614,447.35
YoY Growth--4.01%-3.22%-0.81%0.94%4.40%19.64%13.41%34.39%9.76%-7.93%
Dividend Yield--10.45%10.71%10.95%10.36%8.50%10.36%7.22%7.95%6.82%6.70%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,238.28
(-) Cash Dividends Paid (M)5,461.50
(=) Cash Retained (M)2,776.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,647.661,029.79617.87
Cash Retained (M)2,776.792,776.792,776.79
(-) Cash Required (M)-1,647.66-1,029.79-617.87
(=) Excess Retained (M)1,129.131,747.002,158.91
(/) Shares Outstanding (M)0.400.400.40
(=) Excess Retained per Share2,803.884,338.205,361.07
LTM Dividend per Share13,562.1313,562.1313,562.13
(+) Excess Retained per Share2,803.884,338.205,361.07
(=) Adjusted Dividend16,366.0217,900.3318,923.21
WACC / Discount Rate7.02%7.02%7.02%
Growth Rate2.44%3.44%4.44%
Fair Value$366,042.27$517,182.03$765,959.73
Upside / Downside308.53%477.21%754.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,238.288,521.878,815.229,118.679,432.579,757.2710,049.99
Payout Ratio66.29%71.04%75.78%80.52%85.26%90.00%92.50%
Projected Dividends (M)5,461.506,053.546,679.877,342.148,042.108,781.549,296.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.02%7.02%7.02%
Growth Rate2.44%3.44%4.44%
Year 1 PV (M)5,601.645,656.325,711.00
Year 2 PV (M)5,719.785,831.995,945.29
Year 3 PV (M)5,817.545,989.586,164.97
Year 4 PV (M)5,896.476,130.106,370.60
Year 5 PV (M)5,957.986,254.516,562.73
PV of Terminal Value (M)156,793.66164,597.31172,708.62
Equity Value (M)185,787.06194,459.80203,463.21
Shares Outstanding (M)0.400.400.40
Fair Value$461,351.22$482,887.58$505,245.09
Upside / Downside414.90%438.94%463.89%

High-Yield Dividend Screener

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