Millionaire Property Fund (BKK:MIPF) Dividend Payout Ratio: 1.98 (As of Mar. 2026) — 102% Above Median

What is Millionaire Property Fund Dividend Payout Ratio?

Millionaire Property Fund BKK:MIPF 79 Dividend Payout Ratio is 1.98 as of Mar. 2026, which is 102% above its 10-year median of 0.98. GuruFocus rates BKK:MIPF with a GF Score™ of 79/100 and a GF Value™ of ฿10.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 716 REITs companies, Millionaire Property Fund ranks worse than 55.03% 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. Millionaire Property Fund's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.98.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Millionaire Property Fund is 1.03, which seems too high.

The historical rank and industry rank for Millionaire Property Fund's Dividend Payout Ratio or its related term are showing as below:

BKK:MIPF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.89 Med: 0.98 Max: 1.24
Current: 1.03

During the past 13 years, the highest Dividend Payout Ratio of Millionaire Property Fund was 1.24. The lowest was 0.89. And the median was 0.98.

BKK:MIPF's Dividend Payout Ratio is ranked worse than
55.03% of 716 companies
in the REITs industry
Industry Median: 0.99 vs BKK:MIPF: 1.03

As of today (2026-06-29), the Dividend Yield % of Millionaire Property Fund is 7.93%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Millionaire Property Fund was 8.29%. The lowest was 3.94%. And the median was 5.52%.

Millionaire Property Fund's Dividends per Share for the months ended in Mar. 2026 was ฿0.38.

During the past 12 months, Millionaire Property Fund's average Dividends Per Share Growth Rate was 4.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Millionaire Property Fund was 7.50% per year. The lowest was -10.80% per year. And the median was -1.10% 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.

Millionaire Property Fund (BKK:MIPF) 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.

Millionaire Property Fund Dividend Payout Ratio Related Terms

Millionaire Property Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Millionaire Property Fund'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.

Millionaire Property Fund Dividend Payout Ratio Chart

Millionaire Property Fund Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.24

0.99

0.98

0.94

0.97

Millionaire Property Fund 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															1.99	0.00	2.08	0.00	1.98

BKK:MIPF vs BXP, ARE, VNO: Dividend Payout Ratio Comparison

For the REIT - Office subindustry, Millionaire Property Fund'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.

Millionaire Property Fund Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Millionaire Property Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Millionaire Property Fund's Dividend Payout Ratio falls into.

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79GF Score

Millionaire Property Fund BKK:MIPF

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Millionaire Property Fund Dividend Payout Ratio Calculation

Millionaire Property Fund'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 )
	=	0.72	/	0.744
	=	0.97

Millionaire Property Fund'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 )
	=	0.38	/	0.192
	=	1.98

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.98 mean?

Millionaire Property Fund (BKK:MIPF) has a Dividend Payout Ratio of 1.98 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Millionaire Property Fund and its competitors. This is 102% above median its historical median of 0.98. Over the past decade, Millionaire Property Fund's Dividend Payout Ratio has ranged from 0.89 to 1.24. According to the industry distribution chart, Millionaire Property Fund ranks #394 out of 716 companies in the REITs industry, placing it in the top 55%.

Is Millionaire Property Fund's Dividend Payout Ratio too high?

Millionaire Property Fund's current Dividend Payout Ratio of 1.98 is 102% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.24. The REITs industry median Dividend Payout Ratio is 0.99. Millionaire Property Fund's value of 1.98 is 100% above this industry median. Based on the distribution chart, Millionaire Property Fund ranks #394 out of 716 companies in the REITs industry, which is below the industry midpoint. Overall, Millionaire Property Fund has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Millionaire Property Fund's Dividend Payout Ratio compare to BXP and ARE?

According to the REITs industry distribution chart, Millionaire Property Fund ranks #394 out of 716 companies for Dividend Payout Ratio. This places Millionaire Property Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Millionaire Property Fund's value of 1.98 is 100% above this benchmark. Historically, Millionaire Property Fund's own Dividend Payout Ratio has ranged from 0.89 to 1.24 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 0.99, Millionaire Property Fund 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 716 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. Millionaire Property Fund's current Dividend Payout Ratio of 1.98 is 100% 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 Millionaire Property Fund 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. Millionaire Property Fund's current Dividend Payout Ratio is 1.98, which is 102% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Millionaire Property Fund stock overvalued right now?

Based on GuruFocus' analysis, Millionaire Property Fund (BKK:MIPF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.93, compared to a current price of ฿9.20 — trading 15.8% below its estimated fair value. The current Dividend Payout Ratio is 1.98, which is 102% above median its 10-year median of 0.98 and 100% above the REITs industry median of 0.99. Millionaire Property Fund's overall GF Score™ is 79/100 with 2 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 Millionaire Property Fund (BKK:MIPF), the current Dividend Payout Ratio is 1.98 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 Millionaire Property Fund (BKK:MIPF) Overvalued in 2026?

Based on GuruFocus' analysis, Millionaire Property Fund stock appears to be undervalued. The current stock price of ฿9.20 is trading 15.8% below its estimated GF Value™ of ฿10.93. GuruFocus considers Millionaire Property Fund to be Modestly Undervalued.

Key valuation signals for BKK:MIPF:

Dividend Payout Ratio: 1.98 (102% above median its 10-year median of 0.98)
GF Value™: ฿10.93 vs. price of ฿9.20 (15.8% below fair value)
GF Score™: 79/100 with 2 warning signs
Industry Position: 100% above the REITs median (#394 of 716)

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

Millionaire Property Fund Business Description

Industry Real Estate REITs

Comparable Companies BKK:WHABT BKK:B-WORK BKK:SIRIPRT BKK:QHBREIT BKK:KPNREIT BKK:BOFFICE BKK:TPRIME BKK:GVREIT XMAD:MRL BXP ARE VNO TSE:8951 XPAR:GFC TSE:8952 SGX:N2IU CUZ KRC ASX:DXS SGX:AJBU

Address Rama 1 Road, 989 Siam Piwat Tower, 9th, 24th Floor, Pathumwan, Bangkok, THA, 10330

Website https://www.one-asset.com

Millionaire Property Fund is a close-ended property fund with no maturity date. The objective of the company is to mobilize funds from the sale of investment units to purchase and/or lease property and procure benefits from such property. The Fund operates in only one business segment which is property investments and the business is only operated in Thailand.

79GF Score

Get the complete analysis for BKK:MIPF

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

฿9.20

Price

฿10.93

GF Value

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