Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Dividend Payout Ratio: 1.58 (As of Dec. 2025) — 58% Above Median


BSP:TSER11 Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
43 GF Score
Price R$108.00
GF Value R$93.89
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Dividend Payout Ratio?

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario BSP:TSER11 43 Dividend Payout Ratio is 1.58 as of Dec. 2025, which is 58% above its 10-year median of 1.00. GuruFocus rates BSP:TSER11 with a GF Score™ of 43/100 and a GF Value™ of R$93.89 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 713 REITs companies, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario ranks worse than 75.04% 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. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.58.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario is 1.58, which seems too high.

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

BSP:TSER11' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.66   Med: 1   Max: 1.58
Current: 1.58


During the past 5 years, the highest Dividend Payout Ratio of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario was 1.58. The lowest was 0.66. And the median was 1.00.

BSP:TSER11's Dividend Payout Ratio is ranked worse than
75.04% of 713 companies
in the REITs industry
Industry Median: 0.99 vs BSP:TSER11: 1.58

As of today (2026-07-06), the Dividend Yield % of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario is 13.06%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario was 13.06%. The lowest was 6.76%. And the median was 11.33%.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividends per Share for the months ended in Dec. 2025 was R$11.81.

During the past 12 months, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's average Dividends Per Share Growth Rate was 3.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.70% per year.

During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario was 13.70% per year. The lowest was 13.70% per year. And the median was 13.70% 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.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) 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.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Dividend Payout Ratio Related Terms


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tishman Speyer Rendaorativa 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.

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Dividend Payout Ratio Chart

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
0.00 0.66 0.83 1.18 1.58

Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio 0.00 0.66 0.83 1.18 1.58

BSP:TSER11 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Tishman Speyer Rendaorativa 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.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Dividend Payout Ratio vs REITs Industry

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

* The bar in red indicates where Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividend Payout Ratio falls into.


BSP:TSER11
43GF Score
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario BSP:TSER11
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tishman Speyer Rendaorativa 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.

Tishman Speyer Rendaorativa 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 )
=11.808/ 7.49
=1.58

Tishman Speyer Rendaorativa 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 )
=11.808/ 7.49
=1.58

* 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 1.58 mean?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) has a Dividend Payout Ratio of 1.58 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario and its competitors. This is 58% above median its historical median of 1.00. Over the past decade, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividend Payout Ratio has ranged from 0.66 to 1.58. According to the industry distribution chart, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario ranks #535 out of 713 companies in the REITs industry, placing it in the top 75%.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividend Payout Ratio too high?
Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.58 is 58% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.58. The REITs industry median Dividend Payout Ratio is 0.99. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's value of 1.58 is 59.6% above this industry median. Based on the distribution chart, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario ranks #535 out of 713 companies in the REITs industry, which is below the industry midpoint. Overall, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's Dividend Payout Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario ranks #535 out of 713 companies for Dividend Payout Ratio. This places Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's value of 1.58 is 59.6% above this benchmark. Historically, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's own Dividend Payout Ratio has ranged from 0.66 to 1.58 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.99, Tishman Speyer Rendaorativa 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 713 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. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Dividend Payout Ratio of 1.58 is 59.6% 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 Tishman Speyer Rendaorativa 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. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's current Dividend Payout Ratio is 1.58, which is 58% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) is currently considered Modestly Overvalued. The stock's GF Value™ is R$93.89, compared to a current price of R$108.00 — trading 15% above its estimated fair value. The current Dividend Payout Ratio is 1.58, which is 58% above median its 10-year median of 1.00 and 59.6% above the REITs industry median of 0.99. Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario's overall GF Score™ is 43/100 with 4 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 Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11), the current Dividend Payout Ratio is 1.58 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 Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario (BSP:TSER11) Overvalued in 2026?

Based on GuruFocus' analysis, Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario stock appears to be overvalued. The current stock price of R$108.00 is trading 15% above its estimated GF Value™ of R$93.89. GuruFocus considers Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario to be Modestly Overvalued.

Key valuation signals for BSP:TSER11:

  • Dividend Payout Ratio: 1.58 (58% above median its 10-year median of 1.00)
  • GF Value™: R$93.89 vs. price of R$108.00 (15% above fair value)
  • GF Score™: 43/100 with 4 warning signs
  • Industry Position: 59.6% above the REITs median (#535 of 713)

No single metric tells the full story. See the BSP:TSER11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tishman Speyer Rendaorativa Fundo DE Investimento Imobiliario Business Description

Industry Real EstateREITs
Address Avenida Reboucas, 2728, 2nd Floor, Waldyr Beira Building, Pinheiros, Sao Paulo, SP, BRA, 5402-500
Tishman Speyer Renda Corporativa Fundo DE Investimento Imobiliario acquires, repositions, develops, and operates office, retail, and residential projects. The company focuses on prime assets located in the central business districts of metropolitan areas in the United States, Europe, Brazil, China, and India.
43GF Score

Get the complete analysis for BSP:TSER11

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

R$108.00
Price
R$93.89
GF Value