Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dream Industrial Real Estate Investment Trust (DIR-UN.TO)

Company Dividend Discount ModelIndustry: REIT - IndustrialSector: Real Estate

Valuation Snapshot

Stable Growth$29.12 - $148.33$59.83
Multi-Stage$16.59 - $18.11$17.34
Blended Fair Value$38.58
Current Price$11.79
Upside227.26%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.52%14.81%0.480.460.470.360.330.190.150.120.120.13
YoY Growth--4.36%-1.23%29.78%8.66%74.89%25.53%22.74%0.27%-2.29%3.63%
Dividend Yield--4.25%3.51%3.17%2.23%2.46%2.01%1.25%1.29%1.49%1.56%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)217.56
(-) Cash Dividends Paid (M)143.48
(=) Cash Retained (M)74.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)43.5127.2016.32
Cash Retained (M)74.0874.0874.08
(-) Cash Required (M)-43.51-27.20-16.32
(=) Excess Retained (M)30.5746.8957.76
(/) Shares Outstanding (M)291.70291.70291.70
(=) Excess Retained per Share0.100.160.20
LTM Dividend per Share0.490.490.49
(+) Excess Retained per Share0.100.160.20
(=) Adjusted Dividend0.600.650.69
WACC / Discount Rate7.66%7.66%7.66%
Growth Rate5.50%6.50%7.50%
Fair Value$29.12$59.83$148.33
Upside / Downside146.99%407.48%1,158.07%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)217.56231.70246.76262.80279.88298.08307.02
Payout Ratio65.95%70.76%75.57%80.38%85.19%90.00%92.50%
Projected Dividends (M)143.48163.95186.48211.24238.43268.27283.99

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.66%7.66%7.66%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)150.85152.28153.71
Year 2 PV (M)157.87160.88163.92
Year 3 PV (M)164.55169.27174.09
Year 4 PV (M)170.90177.47184.23
Year 5 PV (M)176.92185.47194.34
PV of Terminal Value (M)4,017.714,211.774,413.25
Equity Value (M)4,838.815,057.145,283.54
Shares Outstanding (M)291.70291.70291.70
Fair Value$16.59$17.34$18.11
Upside / Downside40.70%47.05%53.63%

High-Yield Dividend Screener

« Prev Page 81 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
003003.SZGuangdong Tengen Industrial Group Co.,Ltd.1.60%$0.2158.54%
3026.KLDutch Lady Milk Industries Berhad1.60%$0.5028.77%
4380.TM - mart Inc.1.60%$20.8626.17%
5878.KLKPJ Healthcare Berhad1.60%$0.0454.29%
BUAH.JKPT Segar Kumala Indonesia Tbk1.60%$10.5034.44%
CBTT-B.STChristian Berner Tech Trade AB (publ)1.60%$0.6024.79%
SEER3.SASer Educacional S.A.1.60%$0.1517.88%
SPNSSapiens International Corporation N.V.1.60%$0.7061.01%
000963.SZHuadong Medicine Co., Ltd1.59%$0.6329.78%
002560.SZHenan Tong-Da Cable Co., Ltd.1.59%$0.1698.75%
002942.SZZhejiang XinNong Chemical Co.,Ltd.1.59%$0.3153.92%
016590.KSShindaeyang Paper Co., Ltd.1.59%$202.4828.25%
0J7X.LMBB SE1.59%$3.3332.74%
300957.SZYunnan Botanee Bio-Technology Group Co.LTD1.59%$0.6373.46%
366030.KQ09WOMEN Co., Ltd.1.59%$90.0829.50%
4736.TNippon RAD Inc.1.59%$9.9013.56%
600487.SSHengtong Optic-Electric Co., Ltd.1.59%$0.3933.97%
6201.TToyota Industries Corporation1.59%$283.1141.29%
688129.SSDonglai Coating Technology (Shanghai) Co., Ltd.1.59%$0.3241.19%
688312.SSShenzhen Yanmade Technology Inc.1.59%$0.5361.22%
688569.SSBeijing Tieke Shougang Rail Way-Tech Co., Ltd.1.59%$0.3543.76%
9324.TYasuda Logistics Corporation1.59%$34.9731.59%
ASSA-B.STASSA ABLOY AB (publ)1.59%$5.6642.81%
BEI-UN.TOBoardwalk Real Estate Investment Trust1.59%$1.0317.62%
DEPO.JKPT Caturkarda Depo Bangunan Tbk1.59%$4.2032.09%
DSNG.JKPT Dharma Satya Nusantara Tbk1.59%$24.0015.91%
F9D.SIBoustead Singapore Limited1.59%$0.0314.46%
OZL.AXOZ Minerals Limited1.59%$0.4555.76%
000920.SZVontron Technology Co., Ltd.1.58%$0.2038.51%
000960.SZYunnan Tin Company Limited1.58%$0.4438.02%
002340.SZGEM Co., Ltd.1.58%$0.1355.09%
300015.SZAier Eye Hospital Group Co., Ltd.1.58%$0.1749.80%
3925.TDouble Standard Inc.1.58%$27.4225.04%
4721.TWOMechema Chemicals International Corp.1.58%$1.1041.13%
603082.SSRIAMB (Beijing) Tech Dvlp Co1.58%$0.5857.18%
603289.SSZhejiang Tederic Machinery Co., Ltd.1.58%$0.1644.78%
603332.SSSuzhou Longjie Special Fiber Co., Ltd.1.58%$0.2287.52%
603993.SSCMOC Group Limited1.58%$0.3234.49%
7555.TOta Floriculture Auction Co.,Ltd.1.58%$11.8147.37%
ALPHA.ATAlpha Bank S.A.1.58%$0.0615.49%
OTP.BDOTP Bank Nyrt.1.58%$554.0413.23%
002550.SZChangzhou Qianhong Biopharma CO.,LTD1.57%$0.1235.18%
033530.KSSjg Sejong Co. Ltd.1.57%$162.926.60%
056190.KQSFA Engineering Corporation1.57%$380.3551.85%
300035.SZHunan Zhongke Electric Co., Ltd.1.57%$0.3343.86%
AGOAssured Guaranty Ltd.1.57%$1.4017.16%
CJA.FAlimentation Couche-Tard Inc.1.57%$0.5520.13%
MNIT.BKMFC-Nichada Thani Property Fund 21.57%$0.0321.78%
000573.SZDongGuan Winnerway Industry Zone Ltd.1.56%$0.0663.16%
000958.SZSPIC Industry-Finance Holdings Co., Ltd.1.56%$0.1060.59%