South Korean (KOSPI) REITS Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies11
- 7D-1.8%
- 3M3.7%
- 1Y-8.5%
- YTD0.9%
Over the last 7 days, the REITS industry has dropped 1.8%, driven by E Kocref Cr-Reit declining 2.5%. The industry has fallen 8.5% in the last year. As for the next few years, earnings are forecast to decline by 5.6% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | ₩3.0t | ₩237.8b | ₩129.6b | 2.8x | 22.9x | 12.5x |
| Thu, 21 Mar 2024 | ₩2.8t | ₩237.8b | ₩129.6b | 3.2x | 21.6x | 11.8x |
| Sat, 17 Feb 2024 | ₩2.7t | ₩229.8b | ₩130.8b | 3.1x | 20.4x | 11.6x |
| Mon, 15 Jan 2024 | ₩2.6t | ₩229.8b | ₩130.8b | 2.9x | 20.1x | 11.4x |
| Wed, 13 Dec 2023 | ₩2.7t | ₩229.8b | ₩130.8b | 3x | 20.5x | 11.7x |
| Fri, 10 Nov 2023 | ₩2.6t | ₩230.9b | ₩136.4b | 2.9x | 19x | 11.2x |
| Sun, 08 Oct 2023 | ₩2.7t | ₩230.9b | ₩136.4b | 2.9x | 19.4x | 11.5x |
| Tue, 05 Sep 2023 | ₩2.7t | ₩230.9b | ₩136.4b | 2.8x | 20.1x | 11.9x |
| Thu, 03 Aug 2023 | ₩2.7t | ₩219.3b | ₩141.6b | 2.6x | 19.2x | 12.4x |
| Sat, 01 Jul 2023 | ₩2.9t | ₩219.3b | ₩141.6b | 2.7x | 20.5x | 13.3x |
| Mon, 29 May 2023 | ₩2.9t | ₩217.6b | ₩108.2b | 3.5x | 27.2x | 13.5x |
| Wed, 26 Apr 2023 | ₩2.8t | ₩217.6b | ₩108.2b | 3.3x | 26.1x | 13x |
| Fri, 24 Mar 2023 | ₩2.9t | ₩218.8b | ₩114.9b | 3x | 25.1x | 13.2x |
| Sun, 19 Feb 2023 | ₩7.8t | ₩218.8b | ₩114.9b | 3.2x | 67.9x | 35.6x |
| Tue, 17 Jan 2023 | ₩8.1t | ₩218.8b | ₩114.9b | 3.3x | 70.5x | 37x |
| Thu, 15 Dec 2022 | ₩7.8t | ₩218.8b | ₩114.9b | 3.5x | 67.7x | 35.5x |
| Sat, 12 Nov 2022 | ₩7.5t | ₩210.4b | ₩109.8b | 3.4x | 67.9x | 35.4x |
| Mon, 10 Oct 2022 | ₩7.7t | ₩210.4b | ₩109.8b | 3.5x | 70x | 36.5x |
| Wed, 07 Sep 2022 | ₩8.3t | ₩210.4b | ₩109.8b | 3.9x | 75.5x | 39.4x |
| Fri, 05 Aug 2022 | ₩8.2t | ₩205.9b | ₩112.2b | 3.8x | 72.6x | 39.6x |
| Sun, 03 Jul 2022 | ₩8.2t | ₩205.9b | ₩112.2b | 3.8x | 72.9x | 39.7x |
| Tue, 31 May 2022 | ₩9.4t | ₩200.0b | ₩107.5b | 4.4x | 87.8x | 47.2x |
| Thu, 28 Apr 2022 | ₩9.1t | ₩200.0b | ₩107.5b | 4.4x | 85x | 45.6x |
| Sat, 26 Mar 2022 | ₩8.6t | ₩203.1b | ₩112.0b | 4.5x | 76.5x | 42.2x |
| Mon, 21 Feb 2022 | ₩8.3t | ₩203.1b | ₩112.0b | 4x | 73.7x | 40.7x |
| Wed, 19 Jan 2022 | ₩7.3t | ₩203.1b | ₩112.0b | 4.2x | 65x | 35.8x |
| Fri, 17 Dec 2021 | ₩7.3t | ₩203.1b | ₩112.0b | 4.7x | 65.6x | 36.2x |
| Sun, 14 Nov 2021 | ₩7.4t | ₩211.6b | ₩123.2b | 4.4x | 60x | 35x |
| Tue, 12 Oct 2021 | ₩7.3t | ₩211.6b | ₩123.2b | 4.4x | 59.2x | 34.5x |
| Thu, 09 Sep 2021 | ₩6.0t | ₩264.1b | ₩128.0b | 21.7x | 47x | 22.8x |
| Sat, 07 Aug 2021 | ₩6.1t | ₩264.1b | ₩128.0b | 17.4x | 47.3x | 22.9x |
| Fri, 30 Apr 2021 | ₩5.9t | ₩273.1b | ₩130.2b | 23.8x | 45.3x | 21.6x |
Price to Earnings Ratio
45.3x
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 22.9x which is lower than its 3-year average PE of 49.3x.
- The 3-year average PS ratio of 26.6x is higher than the industry's current PS ratio of 12.5x.
Past Earnings Growth
- The earnings for companies in the REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 4.5% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the South Korean Real Estate industry?
| KR Market | -3.28% | |
| Real Estate | -2.09% | |
| REITS | -1.82% | |
| Healthcare REITs | 0% | |
| Office REITs | -1.48% | |
| Residential REITs | -1.62% | |
| Industrial REITs | -1.82% | |
| Diversified REITs | -1.82% | |
| Hotel and Resort REITs | -3.98% | |
| Specialized REITs | -4.01% | |
| Retail REITs | -4.07% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry, which is trading close to its 3-year average PE ratio of 22.5x.
- Analysts are expecting annual earnings decline of 5.6%, which is lower than the prior year's growth of 19.8% per year.
- Investors are most pessimistic about the Diversified REITs industry, which is trading close to its 3-year average of 22.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified REITs industry since they expect its earnings to decline by only 5.6% 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 20% per year.
- In contrast, the Diversified REITs industry is expected to see its earnings decline by 5.6% 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 | ₩3.07k | 2.7% +₩9.8b | 3.9% | PB0.4x | |
| A395400 SK Reits | ₩4.09k | 0.9% +₩9.5b | -17.1% | n/a | |
| A094800 Mirae Asset Asia Pacific Real Estate 1 Investment | ₩4.26k | 0.4% +₩1.4b | 5.1% | n/a |