Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) Dividend Payout Ratio: 1.41 (As of Dec. 2025) — 64% Above 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.

BSP:TEPP11 Tellus Properties Fundo DE Investimento Imobiliario BSP:TEPP11
64 GF Score
Price R$7.87
GF Value R$7.26
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Tellus Properties Fundo DE Investimento Imobiliario Dividend Payout Ratio?

Tellus Properties Fundo DE Investimento Imobiliario BSP:TEPP11 +0.38% 64 Dividend Payout Ratio is 1.41 as of Dec. 2025, which is 64% above its 10-year median of 0.86. GuruFocus rates BSP:TEPP11 with a GF Score™ of 64/100 and a GF Value™ of R$7.26 (Fairly Valued). The stock has 1 warning sign investors should review. Among 712 REITs companies, Tellus Properties Fundo DE Investimento Imobiliario ranks better than 93.82% 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. Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.41.

The historical rank and industry rank for Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio or its related term are showing as below:

BSP:TEPP11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.86   Max: 1.24
Current: 0.36


During the past 7 years, the highest Dividend Payout Ratio of Tellus Properties Fundo DE Investimento Imobiliario was 1.24. The lowest was 0.32. And the median was 0.86.

BSP:TEPP11's Dividend Payout Ratio is ranked better than
93.82% of 712 companies
in the REITs industry
Industry Median: 0.99 vs BSP:TEPP11: 0.36

As of today (2026-07-15), the Dividend Yield % of Tellus Properties Fundo DE Investimento Imobiliario is 14.50%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Tellus Properties Fundo DE Investimento Imobiliario was 14.56%. The lowest was 4.84%. And the median was 8.37%.

Tellus Properties Fundo DE Investimento Imobiliario's Dividends per Share for the months ended in Dec. 2025 was R$0.46.

During the past 12 months, Tellus Properties Fundo DE Investimento Imobiliario's average Dividends Per Share Growth Rate was -0.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 32.20% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Tellus Properties Fundo DE Investimento Imobiliario was 32.20% per year. The lowest was 32.20% per year. And the median was 32.20% 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.


Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) 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.


Tellus Properties Fundo DE Investimento Imobiliario Dividend Payout Ratio Related Terms


Tellus Properties Fundo DE Investimento Imobiliario Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tellus Properties Fundo DE Investimento Imobiliario'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.

Tellus Properties Fundo DE Investimento Imobiliario Dividend Payout Ratio Chart

Tellus Properties Fundo DE Investimento Imobiliario Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.00 0.65 1.06 1.24 0.32

Tellus Properties Fundo DE Investimento Imobiliario Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial 0.00 0.00 0.00 0.23 1.41

BSP:TEPP11 vs AVB, EQR, ESS: Dividend Payout Ratio Comparison

For the REIT - Residential subindustry, Tellus Properties Fundo DE Investimento Imobiliario'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.


Tellus Properties Fundo DE Investimento Imobiliario Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio falls into.


BSP:TEPP11
64GF Score
Tellus Properties Fundo DE Investimento Imobiliario BSP:TEPP11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tellus Properties Fundo DE Investimento Imobiliario 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.

Tellus Properties Fundo DE Investimento Imobiliario'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 )
=1.032/ 3.222
=0.32

Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.462/ 0.327
=1.41

* 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 1.41 mean?
Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) has a Dividend Payout Ratio of 1.41 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tellus Properties Fundo DE Investimento Imobiliario and its competitors. This is 64% above median its historical median of 0.86. Over the past decade, Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio has ranged from 0.32 to 1.24. According to the industry distribution chart, Tellus Properties Fundo DE Investimento Imobiliario ranks #44 out of 712 companies in the REITs industry, placing it in the top 6.2%.
Is Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio too high?
Tellus Properties Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.41 is 64% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.24. The REITs industry median Dividend Payout Ratio is 0.99. Tellus Properties Fundo DE Investimento Imobiliario's value of 1.41 is 42.4% above this industry median. Based on the distribution chart, Tellus Properties Fundo DE Investimento Imobiliario ranks #44 out of 712 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Tellus Properties Fundo DE Investimento Imobiliario has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tellus Properties Fundo DE Investimento Imobiliario's Dividend Payout Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Tellus Properties Fundo DE Investimento Imobiliario ranks #44 out of 712 companies for Dividend Payout Ratio. This places Tellus Properties Fundo DE Investimento Imobiliario in the top 6% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Tellus Properties Fundo DE Investimento Imobiliario's value of 1.41 is 42.4% above this benchmark. Historically, Tellus Properties Fundo DE Investimento Imobiliario's own Dividend Payout Ratio has ranged from 0.32 to 1.24 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.99, Tellus Properties Fundo DE Investimento Imobiliario 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 712 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. Tellus Properties Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.41 is 42.4% 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 Tellus Properties Fundo DE Investimento Imobiliario 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. Tellus Properties Fundo DE Investimento Imobiliario's current Dividend Payout Ratio is 1.41, which is 64% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tellus Properties Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) is currently considered Fairly Valued. The stock's GF Value™ is R$7.26, compared to a current price of R$7.87 — trading 8.4% above its estimated fair value. The current Dividend Payout Ratio is 1.41, which is 64% above median its 10-year median of 0.86 and 42.4% above the REITs industry median of 0.99. Tellus Properties Fundo DE Investimento Imobiliario's overall GF Score™ is 64/100 with 1 warning sign 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 Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11), the current Dividend Payout Ratio is 1.41 as of Dec. 2025. 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 Tellus Properties Fundo DE Investimento Imobiliario (BSP:TEPP11) Overvalued in 2026?

Based on GuruFocus' analysis, Tellus Properties Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$7.87 is trading 8.4% above its estimated GF Value™ of R$7.26. GuruFocus considers Tellus Properties Fundo DE Investimento Imobiliario to be Fairly Valued.

Key valuation signals for BSP:TEPP11:

  • Dividend Payout Ratio: 1.41 (64% above median its 10-year median of 0.86)
  • GF Value™: R$7.26 vs. price of R$7.87 (8.4% above fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 42.4% above the REITs median (#44 of 712)

No single metric tells the full story. See the BSP:TEPP11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tellus Properties Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address PRAIA DE BOTAFOGO, 501 - 6th Floor, BOTAFOGO, Rio de Janeiro, RJ, BRA, 22250040
Tellus Properties Fundo DE Investimento Imobiliario is a closed-end fund. The fund's objective is to provide shareholders with appreciation and profitability of their shares predominantly through long-term real estate investments.
64GF Score

Get the complete analysis for BSP:TEPP11

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

R$7.87
Price
R$7.26
GF Value