Mori Hills Reit Investment (TSE:3234) Dividend Payout Ratio: 0.96 (As of Jan. 2026) — Near Median

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TSE:3234 Mori Hills Reit Investment Corp TSE:3234
64 GF Score
Price 円131,800.00
GF Value 円142,591.00
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Mori Hills Reit Investment Dividend Payout Ratio?

Mori Hills Reit Investment TSE:3234 +0.53% 64 Dividend Payout Ratio is 0.96 as of Jan. 2026, which is 3% below its 10-year median of 0.99. GuruFocus rates TSE:3234 with a GF Score™ of 64/100 and a GF Value™ of 円142,591.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 712 REITs companies, Mori Hills Reit Investment ranks better than 54.21% 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. Mori Hills Reit Investment's Dividend Payout Ratio for the months ended in Jan. 2026 was 0.96.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mori Hills Reit Investment Corp is 0.96, which seems too high.

The historical rank and industry rank for Mori Hills Reit Investment's Dividend Payout Ratio or its related term are showing as below:

TSE:3234' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.96   Med: 0.99   Max: 1
Current: 0.96

During the past 13 years, the highest Dividend Payout Ratio of Mori Hills Reit Investment was 1.00. The lowest was 0.96. And the median was 0.99.

TSE:3234's Dividend Payout Ratio is ranked better than
54.21% of 712 companies
in the REITs industry
Industry Median: 0.99 vs TSE:3234: 0.96

As of today (2026-07-16), the Dividend Yield % of Mori Hills Reit Investment is 4.72%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mori Hills Reit Investment was 6.60%. The lowest was 2.85%. And the median was 3.89%.

Mori Hills Reit Investment's Dividends per Share for the months ended in Jan. 2026 was 円3,100.00.

During the past 12 months, Mori Hills Reit Investment's average Dividends Per Share Growth Rate was -3.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mori Hills Reit Investment was 10.60% per year. The lowest was -13.10% per year. And the median was 3.65% 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.

Mori Hills Reit Investment (TSE:3234) 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.

Mori Hills Reit Investment Dividend Payout Ratio Related Terms

Mori Hills Reit Investment Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Mori Hills Reit Investment'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.

Mori Hills Reit Investment Dividend Payout Ratio Chart

Mori Hills Reit Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 0.96 0.96 1.00 0.96

Mori Hills Reit Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.00 0.96 0.97 0.96

TSE:3234 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.

Mori Hills Reit Investment Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mori Hills Reit Investment's Dividend Payout Ratio falls into.


TSE:3234
64GF Score
Mori Hills Reit Investment Corp TSE:3234
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mori Hills Reit Investment 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.

Mori Hills Reit Investment's Dividend Payout Ratio for the fiscal year that ended in Jul. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jul. 2025 )/ EPS without NRI (A: Jul. 2025 )
=6170/ 6419.071
=0.96

Mori Hills Reit Investment's Dividend Payout Ratio for the quarter that ended in Jan. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2026 )/ EPS without NRI (Q: Jan. 2026 )
=3100/ 3247.062
=0.95

* 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 0.96 mean?
Mori Hills Reit Investment (TSE:3234) has a Dividend Payout Ratio of 0.96 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Mori Hills Reit Investment and its competitors. This is near median its historical median of 0.99. Over the past decade, Mori Hills Reit Investment's Dividend Payout Ratio has ranged from 0.96 to 1.00. According to the industry distribution chart, Mori Hills Reit Investment ranks #326 out of 712 companies in the REITs industry, placing it in the top 45.8%.
Is Mori Hills Reit Investment's Dividend Payout Ratio too high?
Mori Hills Reit Investment's current Dividend Payout Ratio of 0.96 is near median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 1.00. The REITs industry median Dividend Payout Ratio is 0.99. Mori Hills Reit Investment's value of 0.96 is 3% below this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #326 out of 712 companies in the REITs industry, which is above the industry midpoint. Overall, Mori Hills Reit Investment has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mori Hills Reit Investment's Dividend Payout Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #326 out of 712 companies for Dividend Payout Ratio. This puts Mori Hills Reit Investment in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Mori Hills Reit Investment's value of 0.96 is 3% below this benchmark. Historically, Mori Hills Reit Investment's own Dividend Payout Ratio has ranged from 0.96 to 1.00 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 0.99, Mori Hills Reit Investment 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 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. Mori Hills Reit Investment's current Dividend Payout Ratio of 0.96 is 3% 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 Mori Hills Reit Investment 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. Mori Hills Reit Investment's current Dividend Payout Ratio is 0.96, which is near median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mori Hills Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Mori Hills Reit Investment (TSE:3234) is currently considered Fairly Valued. The stock's GF Value™ is 円142,591.00, compared to a current price of 円131,800.00 — trading 7.6% below its estimated fair value. The current Dividend Payout Ratio is 0.96, which is near median its 10-year median of 0.99 and 3% below the REITs industry median of 0.99. Mori Hills Reit Investment's overall GF Score™ is 64/100 with 3 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 Mori Hills Reit Investment (TSE:3234), the current Dividend Payout Ratio is 0.96 as of Jan. 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 Mori Hills Reit Investment (TSE:3234) Overvalued in 2026?

Based on GuruFocus' analysis, Mori Hills Reit Investment stock appears to be undervalued. The current stock price of 円131,800.00 is trading 7.6% below its estimated GF Value™ of 円142,591.00. GuruFocus considers Mori Hills Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3234:

  • Dividend Payout Ratio: 0.96 (near median its 10-year median of 0.99)
  • GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 3% below the REITs median (#326 of 712)

No single metric tells the full story. See the TSE:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mori Hills Reit Investment Business Description

Industry Real EstateREITs
Address 1-12-32 Akasaka, ARK Mori Building, Minato-ku, Tokyo, JPN, 107-6011
Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate office buildings and residential and retail properties available for lease in Tokyo.
64GF Score

Get the complete analysis for TSE:3234

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

円131,800.00
Price
円142,591.00
GF Value