Tokaido REITTSE:2989 +0.59%48 Dividend Yield % is 6.61% as of Jun. 25, 2026, which is 25% above its 10-year median of 5.30. GuruFocus rates TSE:2989 with a GF Score™ of 48/100 and a GF Value™ of 円129,253.52 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 874 REITs companies, Tokaido REIT ranks worse than 53.09% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Tokaido REIT is 6.61%.
Good Sign:
Tokaido REIT Inc stock Dividend Yield % is close to 5-year high.
The historical rank and industry rank for Tokaido REIT's Dividend Yield % or its related term are showing as below:
TSE:2989'
s Dividend Yield % Range Over the Past 10 Years
Min: 1.93 Med: 5.3 Max: 6.69
Current: 6.61
During the past 5 years, the highest Dividend Yield of Tokaido REIT was 6.69%. The lowest was 1.93%. And the median was 5.30%.
TSE:2989's Dividend Yield % is ranked worse than 53.09% of 874
companies
in the REITs industry
Industry Median: 6.82
vs TSE:2989: 6.61
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tokaido REIT Inc is 1.00, which seems too high.
During the past 5 years, the highest Dividend Payout Ratio of Tokaido REIT was 1.00. The lowest was 0.64. And the median was 1.00.
During the past 12 months, Tokaido REIT's average Dividends Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 40.00% per year.
During the past 5 years, the highest 3-Year average Dividends Per Share Growth Rate of Tokaido REIT was 40.00% per year. The lowest was 40.00% per year. And the median was 40.00% 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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
The historical data trend for Tokaido REIT's Dividend Yield % 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.
TSE:2989 vs VICI, WPC: Dividend Yield % Comparison
For the REIT - Diversified subindustry, Tokaido REIT's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Tokaido REIT Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Tokaido REIT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Tokaido REIT's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Tokaido REIT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 3326.000000
2026-01-29
2026-01-31
2026-04-24
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 3380.000000
2025-07-30
2025-07-31
2025-10-24
Cash Dividend
semi-annually
JPY:JPY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Tokaido REIT's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
6706
/
102000.00
=
6.57 %
Current Share Price is 円102000.00. Tokaido REIT's Dividends per Share for the trailing twelve months (TTM) ended in Today is 円6706.
Tokaido REIT's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
6652
/
102000.00
=
6.52 %
Current Share Price is 円102000.00. Tokaido REIT's Dividends per Share for the forward twelve months is calculated as 円3326 * 2 = 円6652.
* 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.
Tokaido REIT (TSE:2989) has a Dividend Yield % of 6.61% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Tokaido REIT and its competitors. This is 25% above median its historical median of 5.30. Over the past decade, Tokaido REIT's Dividend Yield % has ranged from 1.93 to 6.69. According to the industry distribution chart, Tokaido REIT ranks #464 out of 874 companies in the REITs industry, placing it in the top 53.1%.
Is Tokaido REIT's Dividend Yield % too high?
Tokaido REIT's current Dividend Yield % of 6.61% is 25% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 6.69. The REITs industry median Dividend Yield % is 6.82. Tokaido REIT's value of 6.61% is 3.1% below this industry median. Based on the distribution chart, Tokaido REIT ranks #464 out of 874 companies in the REITs industry, which is below the industry midpoint. Overall, Tokaido REIT has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tokaido REIT's Dividend Yield % compare to VICI and WPC?
According to the REITs industry distribution chart, Tokaido REIT ranks #464 out of 874 companies for Dividend Yield %. This places Tokaido REIT in the lower half of its industry. The industry median Dividend Yield % is 6.82. Tokaido REIT's value of 6.61% is 3.1% below this benchmark. Historically, Tokaido REIT's own Dividend Yield % has ranged from 1.93 to 6.69 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 6.82, Tokaido REIT 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 Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.82, based on 874 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokaido REIT's current Dividend Yield % of 6.61% is 3.1% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Tokaido REIT and its competitors. For the REITs industry, the median Dividend Yield % is 6.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokaido REIT's current Dividend Yield % is 6.61%, which is 25% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokaido REIT stock overvalued right now?
Based on GuruFocus' analysis, Tokaido REIT (TSE:2989) is currently considered Modestly Undervalued. The stock's GF Value™ is 円129,253.52, compared to a current price of 円102,000.00 — trading 21.1% below its estimated fair value. The current Dividend Yield % is 6.61%, which is 25% above median its 10-year median of 5.30 and 3.1% below the REITs industry median of 6.82. Tokaido REIT's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Tokaido REIT (TSE:2989), the current Dividend Yield % is 6.61% as of Jun. 25, 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 Tokaido REIT (TSE:2989) Overvalued in 2026?
Based on GuruFocus' analysis, Tokaido REIT stock appears to be undervalued.
The current stock price of 円102,000.00 is trading 21.1% below its estimated GF Value™ of 円129,253.52.
GuruFocus considers Tokaido REIT to be Modestly Undervalued.
Key valuation signals for TSE:2989:
Dividend Yield %: 6.61% (25% above median its 10-year median of 5.30)
GF Value™: 円129,253.52 vs. price of 円102,000.00 (21.1% below fair value)
Industry Position: 3.1% below the REITs median (#464 of 874)
No single metric tells the full story. See the TSE:2989 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.
48GF Score
Get the complete analysis for TSE:2989
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