S Prime Growth Leasehold REIT (BKK:SPRIME) Dividend Payout Ratio: 0.61 (As of Mar. 2026) — 27% Below Median

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S Prime Growth Leasehold REIT BKK:SPRIME

72 GF Score

Price ฿4.16

GF Value ฿3.73

Valuation Modestly Overvalued

7 Warning Signs

View Full Analysis

What is S Prime Growth Leasehold REIT Dividend Payout Ratio?

S Prime Growth Leasehold REIT BKK:SPRIME +0.48% 72 Dividend Payout Ratio is 0.61 as of Mar. 2026, which is 27% below its 10-year median of 0.84. GuruFocus rates BKK:SPRIME with a GF Score™ of 72/100 and a GF Value™ of ฿3.73 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 714 REITs companies, S Prime Growth Leasehold REIT ranks better than 75.07% 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. S Prime Growth Leasehold REIT's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.61.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of S Prime Growth Leasehold REIT is 0.71, which seems too high.

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

BKK:SPRIME' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.84 Max: 0.98
Current: 0.71

During the past 7 years, the highest Dividend Payout Ratio of S Prime Growth Leasehold REIT was 0.98. The lowest was 0.66. And the median was 0.84.

BKK:SPRIME's Dividend Payout Ratio is ranked better than
75.07% of 714 companies
in the REITs industry
Industry Median: 0.99 vs BKK:SPRIME: 0.71

As of today (2026-07-14), the Dividend Yield % of S Prime Growth Leasehold REIT is 9.66%.

During the past 7 years, the highest Trailing Annual Dividend Yield of S Prime Growth Leasehold REIT was 16.13%. The lowest was 3.37%. And the median was 9.16%.

S Prime Growth Leasehold REIT's Dividends per Share for the months ended in Mar. 2026 was ฿0.10.

During the past 12 months, S Prime Growth Leasehold REIT's average Dividends Per Share Growth Rate was -20.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -11.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.40% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of S Prime Growth Leasehold REIT was 8.70% per year. The lowest was -11.70% per year. And the median was 1.95% 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.

S Prime Growth Leasehold REIT (BKK:SPRIME) 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.

S Prime Growth Leasehold REIT Dividend Payout Ratio Related Terms

S Prime Growth Leasehold REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for S Prime 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.

S Prime Growth Leasehold REIT Dividend Payout Ratio Chart

S Prime Growth Leasehold REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.84

0.98

0.92

0.95

0.81

S Prime 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															0.96	0.79	0.74	0.74	0.61

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

For the REIT - Diversified subindustry, S Prime 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.

S Prime Growth Leasehold REIT Dividend Payout Ratio vs REITs Industry

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

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

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72GF Score

S Prime Growth Leasehold REIT BKK:SPRIME

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

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S Prime Growth Leasehold REIT Dividend Payout Ratio Calculation

S Prime 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 )
	=	0.425	/	0.525
	=	0.81

S Prime 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 )
	=	0.1	/	0.165
	=	0.61

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.61 mean?

S Prime Growth Leasehold REIT (BKK:SPRIME) has a Dividend Payout Ratio of 0.61 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on S Prime Growth Leasehold REIT and its competitors. This is 27% below median its historical median of 0.84. Over the past decade, S Prime Growth Leasehold REIT's Dividend Payout Ratio has ranged from 0.66 to 0.98. According to the industry distribution chart, S Prime Growth Leasehold REIT ranks #178 out of 714 companies in the REITs industry, placing it in the top 24.9%.

Is S Prime Growth Leasehold REIT's Dividend Payout Ratio too high?

S Prime Growth Leasehold REIT's current Dividend Payout Ratio of 0.61 is 27% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 0.98. The REITs industry median Dividend Payout Ratio is 0.99. S Prime Growth Leasehold REIT's value of 0.61 is 38.4% below this industry median. Based on the distribution chart, S Prime Growth Leasehold REIT ranks #178 out of 714 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, S Prime Growth Leasehold REIT has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does S Prime Growth Leasehold REIT's Dividend Payout Ratio compare to VICI and WPC?

According to the REITs industry distribution chart, S Prime Growth Leasehold REIT ranks #178 out of 714 companies for Dividend Payout Ratio. This places S Prime Growth Leasehold REIT in the top 25% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. S Prime Growth Leasehold REIT's value of 0.61 is 38.4% below this benchmark. Historically, S Prime Growth Leasehold REIT's own Dividend Payout Ratio has ranged from 0.66 to 0.98 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.99, S Prime Growth Leasehold REIT has consistently been below 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 714 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. S Prime Growth Leasehold REIT's current Dividend Payout Ratio of 0.61 is 38.4% below 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 S Prime 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. S Prime Growth Leasehold REIT's current Dividend Payout Ratio is 0.61, which is 27% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is S Prime Growth Leasehold REIT stock overvalued right now?

Based on GuruFocus' analysis, S Prime Growth Leasehold REIT (BKK:SPRIME) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿3.73, compared to a current price of ฿4.16 — trading 11.5% above its estimated fair value. The current Dividend Payout Ratio is 0.61, which is 27% below median its 10-year median of 0.84 and 38.4% below the REITs industry median of 0.99. S Prime Growth Leasehold REIT's overall GF Score™ is 72/100 with 7 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 S Prime Growth Leasehold REIT (BKK:SPRIME), the current Dividend Payout Ratio is 0.61 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 S Prime Growth Leasehold REIT (BKK:SPRIME) Overvalued in 2026?

Based on GuruFocus' analysis, S Prime Growth Leasehold REIT stock appears to be overvalued. The current stock price of ฿4.16 is trading 11.5% above its estimated GF Value™ of ฿3.73. GuruFocus considers S Prime Growth Leasehold REIT to be Modestly Overvalued.

Key valuation signals for BKK:SPRIME:

Dividend Payout Ratio: 0.61 (27% below median its 10-year median of 0.84)
GF Value™: ฿3.73 vs. price of ฿4.16 (11.5% above fair value)
GF Score™: 72/100 with 7 warning signs
Industry Position: 38.4% below the REITs median (#178 of 714)

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

S Prime Growth Leasehold REIT Business Description

Industry Real Estate REITs

Comparable Companies BKK:HYDROGEN BKK:KTBSTMR BKK:MII ASX:GMG VICI WPC BSP:HSRE11 ASX:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11 LSE:BLND ASX:MGR BNL XKLS:5235SS TSE:8972 JSE:GRT LSE:UTG

Address Vibhavadi Rangsit Road, No. 123, Suntowers Building B, 37th Floor, Chom Phon Sub-District, Chatuchak District, Bangkok, THA, 10900

Website https://www.sprimegrowth.com

S Prime Growth Leasehold REIT is engaged in investing mostly in property or property leasehold rights and generating benefits from such properties for the benefit of the property, and creating revenue and return for the Trust and the unitholders. It mainly invests in the right to lease certain land plots and office spaces, conference spaces, common areas, parking areas, and building systems of Suntowers Complex for a specific term of years. The Trust operates in a single reportable operating segment, which is the investment in leasehold rights on properties, and the sole geographical area of its operations is Thailand.

72GF Score

Get the complete analysis for BKK:SPRIME

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

฿4.16

Price

฿3.73

GF Value

View BKK:SPRIME Analysis

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