GLPJF (GLP J-REIT) Dividend Payout Ratio: 1.10 (As of Feb. 2026) — Near Median

What is GLP J-REIT Dividend Payout Ratio?

GLP J-REIT GLPJF -5.09% 72 Dividend Payout Ratio is 1.10 as of Feb. 2026, which is 3% below its 10-year median of 1.13. GuruFocus rates GLPJF with a GF Score™ of 72/100 and a GF Value™ of $857.36. The stock has 6 warning signs investors should review. Among 716 REITs companies, GLP J-REIT ranks worse than 59.5% 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. GLP J-REIT's Dividend Payout Ratio for the months ended in Feb. 2026 was 1.10.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of GLP J-REIT is 1.09, which seems too high.

The historical rank and industry rank for GLP J-REIT's Dividend Payout Ratio or its related term are showing as below:

GLPJF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.13 Max: 1.16
Current: 1.09

During the past 13 years, the highest Dividend Payout Ratio of GLP J-REIT was 1.16. The lowest was 1.07. And the median was 1.13.

GLPJF's Dividend Payout Ratio is ranked worse than
59.5% of 716 companies
in the REITs industry
Industry Median: 0.99 vs GLPJF: 1.09

As of today (2026-06-30), the Dividend Yield % of GLP J-REIT is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of GLP J-REIT was 6.77%. The lowest was 2.70%. And the median was 4.08%.

GLP J-REIT's Dividends per Share for the months ended in Feb. 2026 was $21.92.

During the past 12 months, GLP J-REIT's average Dividends Per Share Growth Rate was 6.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of GLP J-REIT was 7.40% per year. The lowest was -0.70% per year. And the median was 4.80% 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.

GLP J-REIT (OTCPK:GLPJF) 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.

GLP J-REIT Dividend Payout Ratio Related Terms

GLP J-REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for GLP J-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.

GLP J-REIT Dividend Payout Ratio Chart

GLP J-REIT Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Dividend Payout Ratio

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1.13

1.14

1.16

1.10

GLP J-REIT Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.13	1.18	1.12	1.09	1.10

GLPJF vs PLD, PSA, EXR: Dividend Payout Ratio Comparison

For the REIT - Industrial subindustry, GLP J-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.

GLP J-REIT Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, GLP J-REIT's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where GLP J-REIT's Dividend Payout Ratio falls into.

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72GF Score

GLP J-REIT GLPJF

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

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GLP J-REIT Dividend Payout Ratio Calculation

GLP J-REIT's Dividend Payout Ratio for the fiscal year that ended in Aug. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Aug. 2025 )	/	EPS without NRI (A: Aug. 2025 )
	=	47.987	/	43.494
	=	1.10

GLP J-REIT's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2026 )	/	EPS without NRI (Q: Feb. 2026 )
	=	21.915	/	20.018
	=	1.09

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.10 mean?

GLP J-REIT (GLPJF) has a Dividend Payout Ratio of 1.10 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on GLP J-REIT and its competitors. This is near median its historical median of 1.13. Over the past decade, GLP J-REIT's Dividend Payout Ratio has ranged from 1.07 to 1.16. According to the industry distribution chart, GLP J-REIT ranks #426 out of 716 companies in the REITs industry, placing it in the top 59.5%.

Is GLP J-REIT's Dividend Payout Ratio too high?

GLP J-REIT's current Dividend Payout Ratio of 1.10 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.16. The REITs industry median Dividend Payout Ratio is 0.99. GLP J-REIT's value of 1.10 is 11.1% above this industry median. Based on the distribution chart, GLP J-REIT ranks #426 out of 716 companies in the REITs industry, which is below the industry midpoint. Overall, GLP J-REIT has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does GLP J-REIT's Dividend Payout Ratio compare to PLD and PSA?

According to the REITs industry distribution chart, GLP J-REIT ranks #426 out of 716 companies for Dividend Payout Ratio. This places GLP J-REIT in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. GLP J-REIT's value of 1.10 is 11.1% above this benchmark. Historically, GLP J-REIT's own Dividend Payout Ratio has ranged from 1.07 to 1.16 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 0.99, GLP J-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 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. GLP J-REIT's current Dividend Payout Ratio of 1.10 is 11.1% 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 GLP J-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. GLP J-REIT's current Dividend Payout Ratio is 1.10, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is GLP J-REIT stock overvalued right now?

GLP J-REIT (GLPJF) has a current Dividend Payout Ratio of 1.10. The stock's GF Value™ is $857.36, compared to a current price of $824.70 — trading 3.8% below its estimated fair value. The current Dividend Payout Ratio is 1.10, which is near median its 10-year median of 1.13 and 11.1% above the REITs industry median of 0.99. GLP J-REIT's overall GF Score™ is 72/100 with 6 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 GLP J-REIT (GLPJF), the current Dividend Payout Ratio is 1.10 as of Feb. 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 GLP J-REIT (GLPJF) Overvalued in 2026?

Based on GuruFocus' analysis, GLP J-REIT stock appears to be undervalued. The current stock price of $824.70 is trading 3.8% below its estimated GF Value™ of $857.36.

Key valuation signals for GLPJF:

Dividend Payout Ratio: 1.10 (near median its 10-year median of 1.13)
GF Value™: $857.36 vs. price of $824.70 (3.8% below fair value)
GF Score™: 72/100 with 6 warning signs
Industry Position: 11.1% above the REITs median (#426 of 716)

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

GLP J-REIT Business Description

Industry Real Estate REITs

Comparable Companies TSE:3283 TSE:3249 TSE:8967 TSE:3466 TSE:3481 TSE:2979 PLD PSA EXR LSE:SGRO EGP LINE SGX:A17U CUBE FR REXR STAG MEX:FIBRAPL14 TRNO XBRU:WDP

Other Exchanges 3281:Japan

Address Tokyo Midtown Yaesu, 16F, Yaesu Central Tower, 2-2-1 Yaesu, Chuo-ku, Tokyo, JPN

Website https://www.glpjreit.com

GLP J-REIT is a Japan-based real estate investment trust. The company invests in logistic facilities and related real estate properties mainly located in Kanto and Kansai regions and other areas. Its properties are classified under Multi-tenant property and build-to-suit property segments. It holds a range of proprieties such as GLP Tokyo, GLP Sugito II, GLP Koshigaya II, GLP Misato II, GLP Amagasaki, GLP Higashi-Ogishima, GLP Akishima, GLP Tomisato, GLP Narashino II, GLP Funabashi, GLP Kazo, GLP Fukaya and others.

72GF Score

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

$824.70

Price

$857.36

GF Value

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