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 8 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
035810.KQEASY HOLDINGS Co., Ltd.9.64%$435.2887.39%
0623.HKSinoMedia Holding Limited9.64%$0.1944.98%
ITSA3.SAItaúsa S.A.9.64%$1.1780.68%
MFG.AXMagellan Financial Group Limited9.64%$0.9634.94%
PMTA.BKPM Thoresen Asia Holdings Public Company Limited9.64%$0.9860.98%
2989.TTokaido REIT, Inc.9.63%$11,143.4889.54%
SBMO.ASSBM Offshore N.V.9.63%$2.3853.44%
0576.HKZhejiang Expressway Co., Ltd.9.62%$0.6974.90%
INVEST.HEInvestors House Oyj9.62%$0.3663.41%
MFEC.BKMFEC Public Company Limited9.62%$0.5094.79%
PIKK.MEPJSC PIK-specialized homebuilder9.61%$45.9431.14%
6868.HKTenfu (Cayman) Holdings Company Limited9.60%$0.2693.07%
601077.SSChongqing Rural Commercial Bank Co., Ltd.9.58%$0.6286.18%
SIQ.AXSmartgroup Corporation Ltd9.58%$0.8777.09%
5012.KLTa Ann Holdings Berhad9.57%$0.4093.61%
PAC.AXPacific Current Group Limited9.57%$0.9623.44%
MTO.AXMotorCycle Holdings Limited9.56%$0.3068.86%
HME.VHemisphere Energy Corporation9.55%$0.1957.92%
0382.HKEdvantage Group Holdings Limited9.54%$0.1412.43%
0OQQ.LInfotel S.A.9.54%$4.0386.81%
VIE.PAVeolia Environnement S.A.9.53%$2.8797.23%
0QJX.LEFG International AG9.52%$1.8196.44%
601998.SSChina CITIC Bank Corporation Limited9.51%$0.7368.88%
0752.HKPico Far East Holdings Limited9.50%$0.2545.55%
MRN.PAMersen S.A.9.50%$2.3045.40%
MTS.AXMetcash Limited9.50%$0.3164.02%
SYNE3.SASYN prop e tech S.A.9.50%$0.4659.20%
TEXF.BRTexaf S.A.9.50%$3.4063.35%
601997.SSBank of Guiyang Co.,Ltd.9.49%$0.5639.86%
WMA.AXWam Alternative Assets Limited9.49%$0.109.12%
0135.HKKunlun Energy Company Limited9.48%$0.7052.47%
SC-R.BKSC Asset Corporation Public Company Limited9.47%$0.1648.63%
0DLI.LAcomo N.V.9.45%$2.4067.74%
AFYAAfya Limited9.45%$1.4117.69%
BBRI.JKPT Bank Rakyat Indonesia (Persero) Tbk9.44%$343.6092.61%
TEKA.BKTeka Construction Public Company Limited9.44%$0.1696.55%
8964.TFrontier Real Estate Investment Corporation9.39%$8,736.6196.39%
ALLA.BKAlla Public Company Limited9.39%$0.1177.39%
4333.SRTaleem REIT Fund9.38%$0.9670.19%
SHL.AXSonic Healthcare Limited9.38%$2.1198.90%
TQM-R.BKTQM Alpha Public Company Limited9.37%$1.0882.74%
0882.HKTianjin Development Holdings Limited9.36%$0.2321.27%
0O84.LDNB Bank ASA9.36%$17.5255.97%
4339.SRDerayah Financial - Derayah Reit Fund9.36%$0.4982.63%
601390.SSChina Railway Group Limited9.35%$0.5150.32%
CPACopa Holdings, S.A.9.35%$11.3970.44%
BRSR3.SABanco do Estado do Rio Grande do Sul S.A.9.34%$1.5649.87%
RET.BRRetail Estates N.V.9.34%$5.9746.68%
0265.HKGangyu Smart Urban Services Holdings Limited9.33%$0.1868.15%
KGKC.MEPJSC Kurgan Generation Company9.33%$4.0370.77%