Hankyu Hanshin REIT (TSE:8977) Dividend Payout Ratio: 1.00 (As of Nov. 2025) — Near Median

What is Hankyu Hanshin REIT Dividend Payout Ratio?

Hankyu Hanshin REIT TSE:8977 +0.36% 58 Dividend Payout Ratio is 1.00 as of Nov. 2025, which is at its 10-year median of 1.00. GuruFocus rates TSE:8977 with a GF Score™ of 58/100 and a GF Value™ of 円161,560.66 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 713 REITs companies, Hankyu Hanshin REIT ranks better than 53.02% 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. Hankyu Hanshin REIT's Dividend Payout Ratio for the months ended in Nov. 2025 was 1.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hankyu Hanshin REIT Inc is 0.97, which seems too high.

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

TSE:8977' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.94 Med: 1 Max: 1.01
Current: 0.97

During the past 13 years, the highest Dividend Payout Ratio of Hankyu Hanshin REIT was 1.01. The lowest was 0.94. And the median was 1.00.

TSE:8977's Dividend Payout Ratio is ranked better than
53.02% of 713 companies
in the REITs industry
Industry Median: 0.99 vs TSE:8977: 0.97

As of today (2026-07-07), the Dividend Yield % of Hankyu Hanshin REIT is 4.76%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Hankyu Hanshin REIT was 7.01%. The lowest was 3.31%. And the median was 4.08%.

Hankyu Hanshin REIT's Dividends per Share for the months ended in Nov. 2025 was 円3,389.00.

During the past 12 months, Hankyu Hanshin REIT's average Dividends Per Share Growth Rate was 8.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hankyu Hanshin REIT was 5.70% per year. The lowest was -5.40% per year. And the median was 1.65% 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.

Hankyu Hanshin REIT (TSE:8977) 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.

Hankyu Hanshin REIT Dividend Payout Ratio Related Terms

Hankyu Hanshin REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Hankyu Hanshin 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.

Hankyu Hanshin REIT Dividend Payout Ratio Chart

Hankyu Hanshin REIT Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Dividend Payout Ratio

Get a 7-Day Free Trial

1.00

0.99

1.00

1.01

0.97

Hankyu Hanshin REIT Semi-Annual Data
	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24	May25	Nov25
Dividend Payout Ratio	Get a 7-Day Free Trial															1.00	1.01	1.00	0.95	1.00

TSE:8977 vs VICI, WPC: Dividend Payout Ratio Comparison

For the REIT - Diversified subindustry, Hankyu Hanshin 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.

Hankyu Hanshin REIT Dividend Payout Ratio vs REITs Industry

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

* The bar in red indicates where Hankyu Hanshin REIT's Dividend Payout Ratio falls into.

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58GF Score

Hankyu Hanshin REIT Inc TSE:8977

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

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Hankyu Hanshin REIT Dividend Payout Ratio Calculation

Hankyu Hanshin REIT's Dividend Payout Ratio for the fiscal year that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2025 )	/	EPS without NRI (A: Nov. 2025 )
	=	6708	/	6894.38
	=	0.97

Hankyu Hanshin REIT's Dividend Payout Ratio for the quarter that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Nov. 2025 )	/	EPS without NRI (Q: Nov. 2025 )
	=	3389	/	3392.276
	=	1.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.00 mean?

Hankyu Hanshin REIT (TSE:8977) has a Dividend Payout Ratio of 1.00 as of Nov. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Hankyu Hanshin REIT and its competitors. This is near median its historical median of 1.00. Over the past decade, Hankyu Hanshin REIT's Dividend Payout Ratio has ranged from 0.94 to 1.01. According to the industry distribution chart, Hankyu Hanshin REIT ranks #335 out of 713 companies in the REITs industry, placing it in the top 47%.

Is Hankyu Hanshin REIT's Dividend Payout Ratio too high?

Hankyu Hanshin REIT's current Dividend Payout Ratio of 1.00 is near median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 1.01. The REITs industry median Dividend Payout Ratio is 0.99. Hankyu Hanshin REIT's value of 1.00 is 1% above this industry median. Based on the distribution chart, Hankyu Hanshin REIT ranks #335 out of 713 companies in the REITs industry, which is above the industry midpoint. Overall, Hankyu Hanshin REIT has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Hankyu Hanshin REIT's Dividend Payout Ratio compare to VICI and WPC?

According to the REITs industry distribution chart, Hankyu Hanshin REIT ranks #335 out of 713 companies for Dividend Payout Ratio. This puts Hankyu Hanshin REIT in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Hankyu Hanshin REIT's value of 1.00 is 1% above this benchmark. Historically, Hankyu Hanshin REIT's own Dividend Payout Ratio has ranged from 0.94 to 1.01 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.99, Hankyu Hanshin 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 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. Hankyu Hanshin REIT's current Dividend Payout Ratio of 1.00 is 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 Hankyu Hanshin 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. Hankyu Hanshin REIT's current Dividend Payout Ratio is 1.00, which is near 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 Hankyu Hanshin REIT stock overvalued right now?

Based on GuruFocus' analysis, Hankyu Hanshin REIT (TSE:8977) is currently considered Modestly Undervalued. The stock's GF Value™ is 円161,560.66, compared to a current price of 円140,400.00 — trading 13.1% below its estimated fair value. The current Dividend Payout Ratio is 1.00, which is near median its 10-year median of 1.00 and 1% above the REITs industry median of 0.99. Hankyu Hanshin REIT's overall GF Score™ is 58/100 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 Hankyu Hanshin REIT (TSE:8977), the current Dividend Payout Ratio is 1.00 as of Nov. 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 Hankyu Hanshin REIT (TSE:8977) Overvalued in 2026?

Based on GuruFocus' analysis, Hankyu Hanshin REIT stock appears to be undervalued. The current stock price of 円140,400.00 is trading 13.1% below its estimated GF Value™ of 円161,560.66. GuruFocus considers Hankyu Hanshin REIT to be Modestly Undervalued.

Key valuation signals for TSE:8977:

Dividend Payout Ratio: 1.00 (near median its 10-year median of 1.00)
GF Value™: 円161,560.66 vs. price of 円140,400.00 (13.1% below fair value)
GF Score™: 58/100 with 4 warning signs
Industry Position: 1% above the REITs median (#335 of 713)

No single metric tells the full story. See the TSE:8977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hankyu Hanshin REIT Business Description

Industry Real Estate REITs

Comparable Companies TSE:3487 TSE:3492 TSE:3476 TSE:3451 TSE:3468 TSE:8968 TSE:2989 TSE:3470 TSE:3488 TSE:8957 ASX:GMG VICI WPC BSP:HSRE11 ASX:CHC ASX:SGP XPAR:COV ASX:GPT LSE:LAND MEX:FUNO11

Address 19-19, Chayamachi, Applause Tower, 19th floor, Osaka, JPN, 530-0013

Website https://www.hankyuhanshinreit.co.jp

Hankyu Hanshin REIT Inc is a real estate investment trust. The firm manages funds contributed by unitholders by investing them mainly in real estate and real estate backed securities. Its portfolio comprises retail facilities, Office use facilities and Complex facilities. The firm holds the majority of its investments in Kansai region.

58GF Score

Get the complete analysis for TSE:8977

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

円140,400.00

Price

円161,560.66

GF Value

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