Top Japanese (NIKKEI) Real Estate Dividend Stocks

Top Japanese (NIKKEI) Real Estate Dividend Stocks

UPDATED Jul 01, 2022

What are the best Japanese (NIKKEI) Real Estate Dividend Stocks?

According to our Simply Wall St analysis these are the best Japanese Real Estate dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.

Our criteria to find Top Dividend Companies

High Yield

  • Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
  • Yields vary between markets, so we focus on the top dividend payers in each market.

What do we look for?

  • Is the yield in the top 25% of the market's dividend payers.

Consistent Dividends

  • Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
  • If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.

What do we look for?

  • Has the dividend been stable over the last 10 years.
  • Has the dividend grown over the last 10 years.

Dividend Cover

  • Ideally the company doesn't pay out all of its earnings, neglecting future growth.
  • If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.

What do we look for?

  • Are dividends covered by earnings.
  • Are dividends forecast to be covered by earnings in the future.

Healthy Balance Sheet

  • Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

3 companies meet this criteria in the Japanese market

Intellex Co., Ltd. constructs, purchases, renovates, and sells condominiums in Japan.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • High Dividend: 8940's dividend (4.62%) is in the top 25% of dividend payers in the JP market (3.74%)

  • Notable Dividend

  • Future Dividend Coverage

  • Stable Dividend

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Rewards

  • Trading at 9% below our estimate of its fair value

  • Earnings are forecast to grow 17.31% per year

  • Earnings grew by 198.3% over the past year

Risks

  • Debt is not well covered by operating cash flow

  • Does not have a meaningful market cap (¥5B)

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Aoyama Zaisan Networks Company,Limited provides real estate consulting solutions primarily in Japan.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: 8929's dividend (3.12%) is low compared to the top 25% of dividend payers in the JP market (3.74%).

  • Future Dividend Coverage

  • Stable Dividend

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Rewards

  • Trading at 37.4% below our estimate of its fair value

  • Earnings are forecast to grow 18.76% per year

  • Earnings grew by 37.4% over the past year

Risks

  • Profit margins (4.4%) are lower than last year (6.9%)

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Japan Property Management Center Co., Ltd.

Dividend Criteria

  • Earnings Coverage

  • High Dividend: 3276's dividend (4.48%) is in the top 25% of dividend payers in the JP market (3.74%)

  • Notable Dividend

  • Future Dividend Coverage

  • Growing Dividend

  • Stable Dividend

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Rewards

  • Trading at 58.4% below our estimate of its fair value

  • Earnings are forecast to grow 13.26% per year

  • Earnings grew by 23% over the past year

Risks

No risks detected for 3276 from our risks checks.

View all Risks and Rewards
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