Which companies are ESR Kendall Square REIT's closest peers?

The cockpit's peer set: Adamas Trust (ADAM), TPG RE Finance Trust (TRTX), Dexus Industria REIT (DXI.AX), Automotive Properties Real Estate Investment Trust (APR-UN.TO), Shinhan Alpha REIT (293940.KS), Gladstone Commercial (GOOD), Rural Funds (RFF.AX), Hankyu Hanshin REIT (8977.T).

Is ESR Kendall Square REIT expensive compared with its peers?

On forward p/e it trades at 25.7× against a peer median of 13.2×, 2nd most expensive of 14 in its peer set.

How has ESR Kendall Square REIT stock performed?

Over six months to 6 Nov 2026 the shares returned -37.5% against -6.9% for the median peer; over one year -36.2%.

← CockpitCompetitor Analysis › 365550.KS ESR Kendall Square REIT Co., Ltd.Open in the cockpit ↗

ESR Kendall Square REIT Co., Ltd.365550.KSCompetitor analysis, valuation and peers

South Korea · KRW·Real Estate›Real Estate Investment Trusts

Momentum neutral 54

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$513M

US dollars, full cap

Free float

94%

of shares outstanding

$/day

$469,965

20-day average traded

Fwd P/E

25.7×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Close · KRW₩2,830

1D-1.9%

1W-5.3%

1M-9.6%

3M-11.4%

6M-37.5%

YTD-33.6%

1Y-36.2%

ATR %3.1%

52w lowhigh41.0% off high

What ESR Kendall Square REIT does

No business profile yet.

ESR Kendall Square REIT at a glance

Size ESR Kendall Square REIT (365550.KS) is a South Korea Real Estate company (Real Estate Investment Trusts) with a market value of $513M, the 329th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩2,830 on 6 Nov 2026.

Performance Over six months the shares fell 37.5%, against -6.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 11.1% over the last twelve months (peer median +5.9%); the operating margin is 49.0% (peer median 51.0%).

Valuation It trades at 25.7× forward earnings against a peer median of 13.2× (2nd most expensive of 14).

Relative performance

Six months, rebased to 100: ESR Kendall Square REIT against the median of its 20 peers (local-currency closes).

ESR Kendall Square REIT financials

Reported figures in KRW; fiscal year ends 2026-05-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₩129B	₩125B	₩116B	₩109B	₩98.5B
Revenue growth	—	+8%	+6%	+11%	—
Gross profit	₩65.9B	₩60.5B	₩64.8B	₩60.7B	₩56.2B
EBITDA	₩98.9B	₩94.7B	₩87.3B	₩83.5B	₩76.3B
Net income	₩7.01B	₩2.95B	₩13.4B	₩34.4B	₩40.8B
Free cash flow	₩38.1B	₩30.7B	₩33.2B	₩59.9B	₩53.2B
Capital expenditure	₩91.0M	₩0	₩130M	₩0	₩0
Total debt	₩1.55T	₩1.55T	₩1.37T	₩1.30T	₩1.17T

Quarterly statements and history in the cockpit →

ESR Kendall Square REIT competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. ESR Kendall Square REIT is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. ESR Kendall Square REIT is the large dot.

ESR Kendall Square REIT competitors and peer comparison

How ESR Kendall Square REIT compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

ESR Kendall Square REIT against its 20 peers (data as of 6 Nov 2026)
Measure	365550.KS	Peer median	Rank in peer set
1-month return	-9.6%	+3.5%	4th lowest of 21
6-month return	-37.5%	-6.9%	2nd lowest of 21
Distance from 52-week high	-41.0%	-18.5%	3rd lowest of 21
Revenue growth (TTM)	+11.1%	+5.9%	6th highest of 20
Operating margin	49.0%	51.0%	11th highest of 21
Forward P/E	25.7×	13.2×	2nd most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
ESR Kendall Square REIT 365550.KS	South Korea	$513M	-37%	+11%	49%	25.7×	n/a	n/a
Adamas Trust ADAM	United States	$514M	-36%	+35%	58%	5.6×	n/a	n/a
TPG RE Finance Trust TRTX	United States	$512M	-21%	+6%	73%	6.2×	n/a	n/a
Dexus Industria REIT DXI.AX	Australia	$525M	+3%	-12%	75%	14.9×	n/a	n/a
Automotive Properties Real Estate Investment Trust APR-UN.TO	Canada	$499M	+11%	+18%	78%	12.5×	n/a	n/a
Shinhan Alpha REIT 293940.KS	South Korea	$497M	-8%	+45%	63%	24.0×	n/a	n/a
Gladstone Commercial GOOD	United States	$497M	-21%	+11%	39%	64.4×	n/a	n/a
Rural Funds RFF.AX	Australia	$532M	-1%	+7%	44%	16.9×	n/a	n/a
Hankyu Hanshin REIT 8977.T	Japan	$533M	-19%	-38%	34%	18.4×	n/a	n/a
China Southern SF Express Closed Infrastructure REIT 180305.SZ	China	$490M	-12%	n/a	10%	n/a	n/a	n/a
Abacus ABG.AX	Australia	$539M	-13%	-5%	-16%	11.4×	n/a	n/a
Allied Properties Real Estate Investment Trust AP-UN.TO	Canada	$539M	-61%	-5%	36%	n/a	n/a	n/a
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZ	China	$541M	0%	+451%	28%	n/a	n/a	n/a
Universal Health Realty Income Trust UHT	United States	$544M	-4%	0%	38%	22.6×	n/a	n/a
Custodian Property Income REIT CREI.L	United Kingdom	$545M	+1%	+9%	68%	13.2×	n/a	n/a
Testa Residencial Socimi YTST.MC	Spain	$482M	+13%	-2%	59%	n/a	n/a	n/a
Sunlight Real Estate Investment Trust 0435.HK	Hong Kong	$481M	-10%	-5%	65%	n/a	n/a	n/a
Schroder Real Estate Investment Trust SREI.L	United Kingdom	$548M	-6%	+7%	67%	n/a	n/a	n/a
Brandywine Realty Trust BDN	United States	$551M	+4%	+4%	15%	n/a	n/a	n/a
Morguard North American Residential Real Estate Investment Trust MRG-UN.TO	Canada	$557M	-12%	-1%	64%	11.7×	n/a	n/a
Flagship Communities Real Estate Investment Trust MHC-UN.TO	Canada	$557M	+17%	+16%	38%	12.3×	n/a	n/a

Questions

Which companies are ESR Kendall Square REIT's closest peers?: The cockpit's peer set: Adamas Trust (ADAM), TPG RE Finance Trust (TRTX), Dexus Industria REIT (DXI.AX), Automotive Properties Real Estate Investment Trust (APR-UN.TO), Shinhan Alpha REIT (293940.KS), Gladstone Commercial (GOOD), Rural Funds (RFF.AX), Hankyu Hanshin REIT (8977.T).
Is ESR Kendall Square REIT expensive compared with its peers?: On forward p/e it trades at 25.7× against a peer median of 13.2×, 2nd most expensive of 14 in its peer set.
How has ESR Kendall Square REIT stock performed?: Over six months to 6 Nov 2026 the shares returned -37.5% against -6.9% for the median peer; over one year -36.2%.