South Korean (KOSPI) REITS Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies10
- 7D1.3%
- 3M5.9%
- 1Y-5.7%
- YTD7.2%
In the last week, the REITS industry is up 1.3%, with SK Reits up 1.9%. In the past year, the industry is down 5.7%. In the next few years, earnings are forecast to decline by 1.1% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | ₩3.1t | ₩237.8b | ₩129.6b | 2.9x | 24.2x | 13.2x |
| Wed, 17 Apr 2024 | ₩3.0t | ₩237.8b | ₩129.6b | 2.8x | 23.2x | 12.6x |
| Fri, 15 Mar 2024 | ₩2.8t | ₩229.8b | ₩130.8b | 3.3x | 21.7x | 12.4x |
| Sun, 11 Feb 2024 | ₩2.7t | ₩229.8b | ₩130.8b | 3.1x | 20.5x | 11.7x |
| Tue, 09 Jan 2024 | ₩2.6t | ₩229.8b | ₩130.8b | 2.9x | 20.1x | 11.4x |
| Thu, 07 Dec 2023 | ₩2.7t | ₩229.8b | ₩130.8b | 3.1x | 20.3x | 11.6x |
| Sat, 04 Nov 2023 | ₩2.6t | ₩230.9b | ₩136.4b | 2.9x | 18.8x | 11.1x |
| Mon, 02 Oct 2023 | ₩2.6t | ₩230.9b | ₩136.4b | 2.8x | 19.4x | 11.5x |
| Wed, 30 Aug 2023 | ₩2.7t | ₩240.6b | ₩136.4b | 2.7x | 19.8x | 11.2x |
| Fri, 28 Jul 2023 | ₩2.7t | ₩219.3b | ₩141.6b | 2.5x | 19.2x | 12.4x |
| Sun, 25 Jun 2023 | ₩2.9t | ₩219.3b | ₩141.6b | 2.7x | 20.8x | 13.4x |
| Tue, 23 May 2023 | ₩2.9t | ₩217.6b | ₩108.2b | 3.5x | 27.1x | 13.5x |
| Thu, 20 Apr 2023 | ₩2.9t | ₩217.6b | ₩108.2b | 3.4x | 26.4x | 13.1x |
| Sat, 18 Mar 2023 | ₩7.5t | ₩218.8b | ₩114.9b | 3x | 65.2x | 34.2x |
| Mon, 13 Feb 2023 | ₩8.0t | ₩218.8b | ₩114.9b | 3.3x | 69.3x | 36.4x |
| Wed, 11 Jan 2023 | ₩7.9t | ₩218.8b | ₩114.9b | 3.3x | 68.6x | 36x |
| Fri, 09 Dec 2022 | ₩7.7t | ₩218.8b | ₩114.9b | 3.5x | 67.3x | 35.3x |
| Sun, 06 Nov 2022 | ₩6.6t | ₩210.4b | ₩109.8b | 3.2x | 60.3x | 31.4x |
| Tue, 04 Oct 2022 | ₩7.8t | ₩210.4b | ₩109.8b | 3.4x | 70.9x | 37x |
| Thu, 01 Sep 2022 | ₩8.5t | ₩205.9b | ₩112.2b | 3.9x | 75.4x | 41.1x |
| Sat, 30 Jul 2022 | ₩7.9t | ₩205.9b | ₩112.2b | 3.8x | 70.6x | 38.5x |
| Mon, 27 Jun 2022 | ₩8.4t | ₩205.9b | ₩112.2b | 3.9x | 75.1x | 41x |
| Wed, 25 May 2022 | ₩9.1t | ₩200.0b | ₩107.5b | 4.3x | 84.3x | 45.3x |
| Fri, 22 Apr 2022 | ₩9.0t | ₩200.0b | ₩107.5b | 4.6x | 84x | 45.1x |
| Sun, 20 Mar 2022 | ₩8.5t | ₩203.1b | ₩112.0b | 4.5x | 75.8x | 41.8x |
| Tue, 15 Feb 2022 | ₩8.2t | ₩203.1b | ₩112.0b | 4x | 73.1x | 40.3x |
| Thu, 13 Jan 2022 | ₩7.3t | ₩203.1b | ₩112.0b | 4.4x | 65.6x | 36.2x |
| Sat, 11 Dec 2021 | ₩7.3t | ₩203.1b | ₩112.0b | 4.7x | 64.9x | 35.8x |
| Mon, 08 Nov 2021 | ₩7.4t | ₩211.6b | ₩123.2b | 4.3x | 59.8x | 34.8x |
| Wed, 06 Oct 2021 | ₩7.2t | ₩211.6b | ₩123.2b | 4.4x | 58.8x | 34.2x |
| Fri, 03 Sep 2021 | ₩6.0t | ₩264.1b | ₩128.0b | 20x | 47x | 22.8x |
| Sun, 01 Aug 2021 | ₩6.1t | ₩264.1b | ₩128.0b | 17.4x | 47.4x | 23x |
Price to Earnings Ratio
48x
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 24.2x which is lower than its 3-year average PE of 48.8x.
- The 3-year average PS ratio of 26.4x is higher than the industry's current PS ratio of 13.2x.
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 | -0.34% | |
| Real Estate | 1.80% | |
| REITS | 1.30% | |
| Retail REITs | 3.11% | |
| Industrial REITs | 2.85% | |
| Hotel and Resort REITs | 2.70% | |
| Residential REITs | 1.90% | |
| Specialized REITs | 1.74% | |
| Diversified REITs | 1.30% | |
| Office REITs | 0.96% | |
| Healthcare REITs | 0% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry, which is trading close to its 3-year average PE ratio of 22.8x.
- Analysts are expecting annual earnings decline of 1.1%, 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 22.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified REITs industry since they expect its earnings to decline by only 1.1% 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 growth to stay flat 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 | ₩4.36k | 1.9% +₩21.6b | -15.8% | n/a | |
| A404990 Shinhan Seobu T&D REIT | ₩4.27k | 2.2% +₩5.0b | 21.3% | n/a | |
| A377190 D&D platform REIT | ₩3.59k | 2.1% +₩4.8b | 7.6% | n/a | |
| A400760 NH All-One REIT | ₩3.66k | 2.5% +₩3.8b | 1.9% | n/a | |
| A396690 Mirae Asset Global REIT | ₩3.31k | 1.7% +₩2.2b | -3.6% | n/a |