South Korean (KOSPI) REITS Industry Analysis
UpdatedSep 22, 2023
DataAggregated Company Financials
Companies11
- 7D0.004%
- 3M-9.2%
- 1Y-18.3%
- YTD-9.4%
In the last week, REITS has been flat. Unfortunately though, the industry is down 18% over the past 12 months. As for the next few years, earnings are forecast to decline by 6.5% 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 |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | ₩2.7t | ₩230.9b | ₩136.4b | 2.9x | 19.7x | 11.6x |
| Mon, 21 Aug 2023 | ₩2.6t | ₩240.6b | ₩136.4b | 2.8x | 19.3x | 10.9x |
| Wed, 19 Jul 2023 | ₩2.8t | ₩219.3b | ₩141.6b | 2.6x | 20x | 12.9x |
| Fri, 16 Jun 2023 | ₩2.9t | ₩219.3b | ₩141.6b | 2.7x | 20.7x | 13.4x |
| Sun, 14 May 2023 | ₩2.9t | ₩217.6b | ₩108.2b | 3.4x | 26.9x | 13.4x |
| Tue, 11 Apr 2023 | ₩2.8t | ₩217.6b | ₩108.2b | 3.2x | 26.1x | 13x |
| Thu, 09 Mar 2023 | ₩7.7t | ₩218.8b | ₩114.9b | 3.2x | 66.9x | 35.1x |
| Sat, 04 Feb 2023 | ₩8.1t | ₩218.8b | ₩114.9b | 3.3x | 70.3x | 36.9x |
| Mon, 02 Jan 2023 | ₩7.7t | ₩218.8b | ₩114.9b | 3.2x | 66.8x | 35.1x |
| Wed, 30 Nov 2022 | ₩7.5t | ₩210.4b | ₩109.8b | 3.6x | 68.8x | 35.9x |
| Fri, 28 Oct 2022 | ₩6.6t | ₩210.4b | ₩109.8b | 3.2x | 60.2x | 31.4x |
| Sun, 25 Sep 2022 | ₩8.1t | ₩210.4b | ₩109.8b | 3.7x | 73.9x | 38.5x |
| Tue, 23 Aug 2022 | ₩8.3t | ₩205.9b | ₩112.2b | 3.9x | 73.7x | 40.2x |
| Thu, 21 Jul 2022 | ₩7.8t | ₩205.9b | ₩112.2b | 3.7x | 69.1x | 37.7x |
| Sat, 18 Jun 2022 | ₩8.9t | ₩205.9b | ₩112.2b | 4x | 79x | 43.1x |
| Mon, 16 May 2022 | ₩9.1t | ₩200.0b | ₩107.5b | 4.5x | 84.5x | 45.4x |
| Wed, 13 Apr 2022 | ₩8.8t | ₩200.0b | ₩107.5b | 4.6x | 82.1x | 44.1x |
| Fri, 11 Mar 2022 | ₩8.5t | ₩203.1b | ₩112.0b | 4.3x | 75.7x | 41.7x |
| Sun, 06 Feb 2022 | ₩8.1t | ₩203.1b | ₩112.0b | 4.1x | 72.5x | 40x |
| Tue, 04 Jan 2022 | ₩7.4t | ₩203.1b | ₩112.0b | 4.5x | 66.2x | 36.5x |
| Thu, 02 Dec 2021 | ₩7.2t | ₩203.1b | ₩112.0b | 4.4x | 64.2x | 35.4x |
| Sat, 30 Oct 2021 | ₩7.5t | ₩211.6b | ₩123.2b | 4.4x | 60.9x | 35.4x |
| Mon, 27 Sep 2021 | ₩6.9t | ₩211.6b | ₩123.2b | 4.7x | 56.3x | 32.8x |
| Wed, 25 Aug 2021 | ₩6.0t | ₩264.1b | ₩128.0b | 17.1x | 47x | 22.8x |
| Thu, 01 Jul 2021 | ₩6.3t | ₩264.1b | ₩128.0b | 22.4x | 49.2x | 23.8x |
| Sun, 04 Apr 2021 | ₩5.3t | ₩273.1b | ₩130.2b | 17.6x | 40.4x | 19.2x |
| Wed, 06 Jan 2021 | ₩4.9t | ₩275.6b | ₩134.8b | 13.7x | 36.4x | 17.8x |
| Sat, 10 Oct 2020 | ₩4.0t | ₩216.9b | ₩122.8b | 9x | 32.9x | 18.6x |
Price to Earnings Ratio
32.9x
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 19.7x which is lower than its 3-year average PE of 52.4x.
- The 3-year average PS ratio of 28.0x is higher than the industry's current PS ratio of 11.6x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 3.6% per year over the last three years.
- Revenues for these companies have grown 2.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South Korean Real Estate industry?
| KR Market | -2.66% | |
| Real Estate | 1.09% | |
| REITS | 0.0044% | |
| Hotel and Resort REITs | 0.58% | |
| Specialized REITs | 0.36% | |
| Residential REITs | 0.14% | |
| Diversified REITs | 0.0044% | |
| Healthcare REITs | 0% | |
| Office REITs | -0.031% | |
| Retail REITs | -1.00% | |
| Industrial REITs | -2.98% | |
Industry PE
- Investors are most pessimistic about the Diversified REITs industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified REITs industry since they expect its earnings to decline by only 6.5% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 24% per year.
- In contrast, the Diversified REITs industry is expected to see its earnings decline by 6.5% 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 | |
|---|---|---|---|---|---|
| A123890 Korea Asset In Trust | ₩3.19k | 2.4% +₩9.2b | -3.0% | PB0.4x | |
| A404990 Shinhan Seobu T&D REIT | ₩3.28k | 2.2% +₩3.9b | -28.6% | n/a | |
| A088260 E Kocref Cr-Reit | ₩5.00k | 0.8% +₩2.5b | -12.0% | n/a | |
| A094800 Mirae Asset Asia Pacific Real Estate 1 Investment | ₩3.96k | 0.6% +₩2.3b | -7.2% | n/a | |
| A377190 D&D platform REITLtd | ₩3.21k | 0.8% +₩1.6b | -26.6% | n/a |