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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.
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.
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 Yield % Explanation
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.
* 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:3234 vs VICI, WPC: Dividend Yield % Comparison
For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.
Mori Hills Reit Investment Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Mori Hills Reit Investment's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Mori Hills Reit Investment's Dividend Yield % falls into.
Mori Hills Reit Investment Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Mori Hills Reit Investment Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 3100.000000
2026-01-29
2026-01-31
2026-04-20
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 3090.000000
2025-07-30
2025-07-31
2025-10-20
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.
* 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 (TSE:3234) has a Dividend Yield % of 4.72% as of Jul. 16, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Mori Hills Reit Investment and its competitors. This is 21% above median its historical median of 3.89. Over the past decade, Mori Hills Reit Investment's Dividend Yield % has ranged from 2.85 to 6.60. According to the industry distribution chart, Mori Hills Reit Investment ranks #665 out of 868 companies in the REITs industry, placing it in the top 76.6%.
Is Mori Hills Reit Investment's Dividend Yield % too high?
Mori Hills Reit Investment's current Dividend Yield % of 4.72% is 21% above median its 10-year median of 3.89. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 6.60. The REITs industry median Dividend Yield % is 6.85. Mori Hills Reit Investment's value of 4.72% is 31.1% below this industry median. Based on the distribution chart, Mori Hills Reit Investment ranks #665 out of 868 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Yield % compare to VICI and WPC?
According to the REITs industry distribution chart, Mori Hills Reit Investment ranks #665 out of 868 companies for Dividend Yield %. This places Mori Hills Reit Investment in the lower half of its industry. The industry median Dividend Yield % is 6.85. Mori Hills Reit Investment's value of 4.72% is 31.1% below this benchmark. Historically, Mori Hills Reit Investment's own Dividend Yield % has ranged from 2.85 to 6.60 over the past decade. While the company's 10-year median is 3.89 vs. the industry median of 6.85, 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 Yield % for a REITs company?
The median Dividend Yield % among REITs companies is 6.85, based on 868 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. Mori Hills Reit Investment's current Dividend Yield % of 4.72% is 31.1% 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 Mori Hills Reit Investment and its competitors. For the REITs industry, the median Dividend Yield % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mori Hills Reit Investment's current Dividend Yield % is 4.72%, which is 21% above median its own 10-year median of 3.89. 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 Yield % is 4.72%, which is 21% above median its 10-year median of 3.89 and 31.1% below the REITs industry median of 6.85. 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 Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Mori Hills Reit Investment (TSE:3234), the current Dividend Yield % is 4.72% as of Jul. 16, 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 Yield %: 4.72% (21% above median its 10-year median of 3.89)
GF Value™: 円142,591.00 vs. price of 円131,800.00 (7.6% below fair value)
Industry Position: 31.1% below the REITs median (#665 of 868)
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 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 Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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