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South Korean (KOSPI) REITS Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies11
- 7D5.8%
- 3M-10.2%
- 1Y1.6%
- YTD2.3%
Over the last 7 days, the REITS industry has risen 1.4%, driven by gains from SK Reits of 9.2%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the South Korean REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | ₩3.1t | ₩222.1b | ₩75.6b | 4.6x | 41.4x | 14.1x |
| Fri, 18 Oct 2024 | ₩3.3t | ₩222.1b | ₩75.6b | 4.8x | 44.2x | 15.1x |
| Sun, 15 Sep 2024 | ₩3.4t | ₩222.1b | ₩75.6b | 4.8x | 44.7x | 15.2x |
| Tue, 13 Aug 2024 | ₩3.3t | ₩232.6b | ₩88.5b | 4.2x | 37.4x | 14.2x |
| Thu, 11 Jul 2024 | ₩3.2t | ₩232.6b | ₩88.5b | 4.1x | 36.2x | 13.8x |
| Sat, 08 Jun 2024 | ₩3.2t | ₩232.6b | ₩88.5b | 4.1x | 36.7x | 14x |
| Mon, 06 May 2024 | ₩3.0t | ₩237.8b | ₩129.6b | 2.9x | 23.5x | 12.8x |
| Wed, 03 Apr 2024 | ₩2.8t | ₩237.8b | ₩129.6b | 3x | 21.6x | 11.8x |
| Fri, 01 Mar 2024 | ₩2.7t | ₩229.8b | ₩130.8b | 3.1x | 20.6x | 11.8x |
| Sun, 28 Jan 2024 | ₩2.6t | ₩229.8b | ₩130.8b | 2.9x | 19.9x | 11.3x |
| Tue, 26 Dec 2023 | ₩2.7t | ₩229.8b | ₩130.8b | 3x | 20.4x | 11.6x |
| Thu, 23 Nov 2023 | ₩2.7t | ₩230.3b | ₩130.8b | 3.2x | 20.4x | 11.6x |
| Sat, 21 Oct 2023 | ₩2.6t | ₩230.9b | ₩136.4b | 2.9x | 19x | 11.2x |
| Mon, 18 Sep 2023 | ₩2.7t | ₩230.9b | ₩136.4b | 2.8x | 19.8x | 11.7x |
| Wed, 16 Aug 2023 | ₩2.7t | ₩219.3b | ₩141.6b | 2.7x | 18.8x | 12.2x |
| Fri, 14 Jul 2023 | ₩2.9t | ₩219.3b | ₩141.6b | 2.6x | 20.2x | 13.1x |
| Sun, 11 Jun 2023 | ₩3.0t | ₩219.3b | ₩141.6b | 2.7x | 21.2x | 13.7x |
| Tue, 09 May 2023 | ₩2.9t | ₩217.6b | ₩108.2b | 3.4x | 26.5x | 13.2x |
| Thu, 06 Apr 2023 | ₩2.8t | ₩217.6b | ₩108.2b | 3.2x | 26.3x | 13.1x |
| Sat, 04 Mar 2023 | ₩7.7t | ₩218.8b | ₩114.9b | 3.2x | 67.3x | 35.3x |
| Mon, 30 Jan 2023 | ₩8.1t | ₩218.8b | ₩114.9b | 3.3x | 70.5x | 37x |
| Wed, 28 Dec 2022 | ₩7.9t | ₩218.8b | ₩114.9b | 3.5x | 68.4x | 35.9x |
| Fri, 25 Nov 2022 | ₩7.5t | ₩210.4b | ₩109.8b | 3.6x | 68.3x | 35.7x |
| Sun, 23 Oct 2022 | ₩6.4t | ₩210.4b | ₩109.8b | 3.3x | 58.2x | 30.4x |
| Tue, 20 Sep 2022 | ₩8.3t | ₩210.4b | ₩109.8b | 3.8x | 75.4x | 39.4x |
| Thu, 18 Aug 2022 | ₩8.3t | ₩205.9b | ₩112.2b | 4.1x | 73.7x | 40.2x |
| Sat, 16 Jul 2022 | ₩7.8t | ₩205.9b | ₩112.2b | 3.7x | 69.7x | 38x |
| Mon, 13 Jun 2022 | ₩9.3t | ₩205.9b | ₩112.2b | 4.1x | 82.9x | 45.2x |
| Wed, 11 May 2022 | ₩9.0t | ₩200.0b | ₩107.5b | 4.4x | 83.5x | 44.8x |
| Fri, 08 Apr 2022 | ₩8.7t | ₩203.1b | ₩112.0b | 4.5x | 77.3x | 42.6x |
| Sun, 06 Mar 2022 | ₩8.4t | ₩203.1b | ₩112.0b | 4.2x | 75.3x | 41.5x |
| Tue, 01 Feb 2022 | ₩8.0t | ₩203.1b | ₩112.0b | 3.9x | 71x | 39.2x |
| Thu, 30 Dec 2021 | ₩7.3t | ₩203.1b | ₩112.0b | 4.5x | 65.5x | 36.1x |
| Sat, 27 Nov 2021 | ₩7.3t | ₩204.3b | ₩112.0b | 4.7x | 65.5x | 35.9x |
Price to Earnings Ratio
65.5x
Current Industry PE
- Investors are pessimistic on the South Korean REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 40.6x which is lower than its 3-year average PE of 46.7x.
- The 3-year average PS ratio of 24.2x is higher than the industry's current PS ratio of 13.8x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South Korean Real Estate industry?
| KR Market | -0.72% | |
| Real Estate | 3.00% | |
| REITS | 5.75% | |
| Hotel and Resort REITs | 21.18% | |
| Diversified REITs | 5.75% | |
| Office REITs | 3.32% | |
| Specialized REITs | 2.39% | |
| Residential REITs | 1.95% | |
| Industrial REITs | 1.86% | |
| Healthcare REITs | 0% | |
| Retail REITs | -0.015% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 27.1x.
- Analysts are expecting annual earnings growth of 12.8%, which is higher than its past year's earnings decline of 44.5% per year.
- Investors are most pessimistic about the Diversified REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 27.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Diversified REITs industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A395400 SK Reits | ₩4.81k | 5.5% +₩68.2b | 19.2% | n/a | |
| A404990 Shinhan Seobu T&D REIT | ₩3.60k | 10.8% +₩19.6b | -2.6% | n/a | |
| A088260 E Kocref Cr-Reit | ₩4.54k | 5.7% +₩15.5b | -10.6% | n/a | |
| A377190 D&D platform REIT | ₩2.93k | 8.9% +₩15.5b | -6.3% | n/a | |
| A123890 Korea Asset In Trust | ₩2.89k | 4.5% +₩15.3b | -14.9% | PB0.3x |