CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Dividend Payout Ratio: 1.13 (As of Mar. 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:CPNREIT CPN Retail Growth Leasehold REIT BKK:CPNREIT
79 GF Score
Price ฿13.70
GF Value ฿11.49
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is CPN Retail Growth Leasehold REIT Dividend Payout Ratio?

CPN Retail Growth Leasehold REIT BKK:CPNREIT -0.72% 79 Dividend Payout Ratio is 1.13 as of Mar. 2026, which is 24% below its 10-year median of 1.49. GuruFocus rates BKK:CPNREIT with a GF Score™ of 79/100 and a GF Value™ of ฿11.49 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 703 REITs companies, CPN Retail Growth Leasehold REIT ranks worse than 69.99% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. CPN Retail Growth Leasehold REIT's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.13.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CPN Retail Growth Leasehold REIT is 1.32, which seems too high.

The historical rank and industry rank for CPN Retail Growth Leasehold REIT's Dividend Payout Ratio or its related term are showing as below:

BKK:CPNREIT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.49   Max: 11.28
Current: 1.32

During the past 13 years, the highest Dividend Payout Ratio of CPN Retail Growth Leasehold REIT was 11.28. The lowest was 0.73. And the median was 1.49.

BKK:CPNREIT's Dividend Payout Ratio is ranked worse than
69.99% of 703 companies
in the REITs industry
Industry Median: 0.99 vs BKK:CPNREIT: 1.32

As of today (2026-08-04), the Dividend Yield % of CPN Retail Growth Leasehold REIT is 8.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CPN Retail Growth Leasehold REIT was 11.31%. The lowest was 1.87%. And the median was 5.40%.

CPN Retail Growth Leasehold REIT's Dividends per Share for the months ended in Mar. 2026 was ฿0.28.

During the past 12 months, CPN Retail Growth Leasehold REIT's average Dividends Per Share Growth Rate was 2.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -1.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CPN Retail Growth Leasehold REIT was 40.20% per year. The lowest was -30.30% per year. And the median was 1.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

CPN Retail Growth Leasehold REIT Dividend Payout Ratio Related Terms

CPN Retail Growth Leasehold REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for CPN Retail Growth Leasehold REIT's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CPN Retail Growth Leasehold REIT Dividend Payout Ratio Chart

CPN Retail Growth Leasehold REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.09 1.73 1.00 1.92 1.46

CPN Retail Growth Leasehold REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.77 1.66 1.03 1.13

BKK:CPNREIT vs VICI, WPC, BNL: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, CPN Retail Growth Leasehold REIT's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CPN Retail Growth Leasehold REIT Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, CPN Retail Growth Leasehold REIT's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where CPN Retail Growth Leasehold REIT's Dividend Payout Ratio falls into.


BKK:CPNREIT
79GF Score
CPN Retail Growth Leasehold REIT BKK:CPNREIT
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CPN Retail Growth Leasehold REIT Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

CPN Retail Growth Leasehold REIT's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.077/ 0.737
=1.46

CPN Retail Growth Leasehold REIT's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.279/ 0.246
=1.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.13 mean?
CPN Retail Growth Leasehold REIT (BKK:CPNREIT) has a Dividend Payout Ratio of 1.13 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CPN Retail Growth Leasehold REIT and its competitors. This is 24% below median its historical median of 1.49. Over the past decade, CPN Retail Growth Leasehold REIT's Dividend Payout Ratio has ranged from 0.73 to 11.28. According to the industry distribution chart, CPN Retail Growth Leasehold REIT ranks #492 out of 703 companies in the REITs industry, placing it in the top 70%.
Is CPN Retail Growth Leasehold REIT's Dividend Payout Ratio too high?
CPN Retail Growth Leasehold REIT's current Dividend Payout Ratio of 1.13 is 24% below median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 11.28. The REITs industry median Dividend Payout Ratio is 0.99. CPN Retail Growth Leasehold REIT's value of 1.13 is 14.1% above this industry median. Based on the distribution chart, CPN Retail Growth Leasehold REIT ranks #492 out of 703 companies in the REITs industry, which is below the industry midpoint. Overall, CPN Retail Growth Leasehold REIT has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPN Retail Growth Leasehold REIT's Dividend Payout Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, CPN Retail Growth Leasehold REIT ranks #492 out of 703 companies for Dividend Payout Ratio. This places CPN Retail Growth Leasehold REIT in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. CPN Retail Growth Leasehold REIT's value of 1.13 is 14.1% above this benchmark. Historically, CPN Retail Growth Leasehold REIT's own Dividend Payout Ratio has ranged from 0.73 to 11.28 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 0.99, CPN Retail Growth Leasehold REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 703 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CPN Retail Growth Leasehold REIT's current Dividend Payout Ratio of 1.13 is 14.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CPN Retail Growth Leasehold REIT and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPN Retail Growth Leasehold REIT's current Dividend Payout Ratio is 1.13, which is 24% below median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPN Retail Growth Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT (BKK:CPNREIT) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿11.49, compared to a current price of ฿13.70 — trading 19.2% above its estimated fair value. The current Dividend Payout Ratio is 1.13, which is 24% below median its 10-year median of 1.49 and 14.1% above the REITs industry median of 0.99. CPN Retail Growth Leasehold REIT's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For CPN Retail Growth Leasehold REIT (BKK:CPNREIT), the current Dividend Payout Ratio is 1.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CPN Retail Growth Leasehold REIT (BKK:CPNREIT) Overvalued in 2026?

Based on GuruFocus' analysis, CPN Retail Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿13.70 is trading 19.2% above its estimated GF Value™ of ฿11.49. GuruFocus considers CPN Retail Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:CPNREIT:

  • Dividend Payout Ratio: 1.13 (24% below median its 10-year median of 1.49)
  • GF Value™: ฿11.49 vs. price of ฿13.70 (19.2% above fair value)
  • GF Score™: 79/100 with 10 warning signs
  • Industry Position: 14.1% above the REITs median (#492 of 703)

No single metric tells the full story. See the BKK:CPNREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CPN Retail Growth Leasehold REIT Business Description

Industry Real EstateREITs
Address No. 999/9 Rama 1 Road, 31st Floor, The Offices at CentralWorld, Pathumwan Sub-district, Pathumwan District, Bangkok, THA, 10330
CPN Retail Growth Leasehold REIT is a closed-end real estate investment trust. Its main business is investing in properties and leasehold rights, seeking the benefits from properties, and properties for rent. The company has invested in a few projects including shopping projects namely Central Rama 2, Central Rama 3, Central Pinklao and Central Chiangmai Airport, and 2 office buildings, Central Pinklao Tower A and Tower B, as well as invested in additional assets, namely Central Pattaya Shopping Center and Hilton Pattaya Hotel Its operational locality is Thailand. The Trust's reportable operating segment was only investments in leasehold properties and securities, which operated in only one geographical segment, i.e. Thailand by recognize revenue over the time.
79GF Score

Get the complete analysis for BKK:CPNREIT

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿13.70
Price
฿11.49
GF Value