If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Japan Real Estate Investment Corp is 0.99, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Japan Real Estate Investment was 1.00. The lowest was 0.93. And the median was 0.97.
During the past 12 months, Japan Real Estate Investment's average Dividends Per Share Growth Rate was 1.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 5.00% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Japan Real Estate Investment was 7.40% per year. The lowest was -5.90% per year. And the median was 2.85% 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.
Japan Real Estate Investment (TSE:8952) 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.
Japan Real Estate Investment Dividend Yield % Chart
TSE:8952 vs BXP, ARE, VNO: Dividend Yield % Comparison
For the REIT - Office subindustry, Japan Real Estate 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.
Japan Real Estate Investment Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Real Estate Investment's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Japan Real Estate Investment's Dividend Yield % falls into.
Japan Real Estate Investment Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Japan Real Estate Investment Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
JPY 2536.000000
2026-03-30
2026-03-31
2026-06-15
Cash Dividend
semi-annually
JPY:JPY 1.000000
JPY 2511.000000
2025-09-29
2025-09-30
2025-12-16
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.
Japan Real Estate Investment (TSE:8952) has a Dividend Yield % of 4.35% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Japan Real Estate Investment and its competitors. This is 24% above median its historical median of 3.51. Over the past decade, Japan Real Estate Investment's Dividend Yield % has ranged from 2.47 to 4.74. According to the industry distribution chart, Japan Real Estate Investment ranks #702 out of 877 companies in the REITs industry, placing it in the top 80%.
Is Japan Real Estate Investment's Dividend Yield % too high?
Japan Real Estate Investment's current Dividend Yield % of 4.35% is 24% above median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 4.74. The REITs industry median Dividend Yield % is 6.79. Japan Real Estate Investment's value of 4.35% is 35.9% below this industry median. Based on the distribution chart, Japan Real Estate Investment ranks #702 out of 877 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Real Estate 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 Japan Real Estate Investment's Dividend Yield % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #702 out of 877 companies for Dividend Yield %. This places Japan Real Estate Investment in the lower half of its industry. The industry median Dividend Yield % is 6.79. Japan Real Estate Investment's value of 4.35% is 35.9% below this benchmark. Historically, Japan Real Estate Investment's own Dividend Yield % has ranged from 2.47 to 4.74 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 6.79, Japan Real Estate 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 6.79, based on 877 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. Japan Real Estate Investment's current Dividend Yield % of 4.35% is 35.9% 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 Japan Real Estate Investment and its competitors. For the REITs industry, the median Dividend Yield % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current Dividend Yield % is 4.35%, which is 24% above median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Real Estate Investment (TSE:8952) is currently considered Fairly Valued. The stock's GF Value™ is 円111,805.74, compared to a current price of 円116,000.00 — trading 3.8% above its estimated fair value. The current Dividend Yield % is 4.35%, which is 24% above median its 10-year median of 3.51 and 35.9% below the REITs industry median of 6.79. Japan Real Estate Investment's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Japan Real Estate Investment (TSE:8952), the current Dividend Yield % is 4.35% as of Jun. 26, 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 Japan Real Estate Investment (TSE:8952) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be overvalued.
The current stock price of 円116,000.00 is trading 3.8% above its estimated GF Value™ of 円111,805.74.
GuruFocus considers Japan Real Estate Investment to be Fairly Valued.
Key valuation signals for TSE:8952:
Dividend Yield %: 4.35% (24% above median its 10-year median of 3.51)
GF Value™: 円111,805.74 vs. price of 円116,000.00 (3.8% above fair value)
Industry Position: 35.9% below the REITs median (#702 of 877)
No single metric tells the full story. See the TSE:8952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
64GF Score
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