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SK Group-sponsored REIT holding a portfolio of SK's office buildings and gas-station real estate, paying rental income to shareholders.
SK Group-sponsored REIT holding a portfolio of SK's office buildings and gas-station real estate, paying rental income to shareholders.
Earns rent under long leases to SK Group companies, so income depends on the group's financial health and on lease terms agreed with its own sponsor, with rent set by contract rather than an open market. Holders receive most of the rent as dividends under the rules for property trusts.
Moat: narrow (installed base). Long-term leases with SK Group tenants provide stable, contracted rental income.
Headquarters: Seoul, South Korea · Founded: 2021
Size SK REIT (395400.KS) is a South Korea Real Estate company (Real Estate Investment Trusts) with a market value of $1.04B, the 226th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩4,705 on 6 Nov 2026.
Performance Over six months the shares fell 30.4%, against -14.3% 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 14.7% over the last twelve months (peer median +1.2%); the operating margin is 89.0% (peer median 44.8%).
Valuation It trades at 0.73× book value against a peer median of 0.81× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 4.8%; SK REIT delivers 5.7%, so the price asks less than the business earns today.
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩251B | ₩226B | ₩209B | ₩146B | ₩90.4B |
| Revenue growth | — | +8% | +43% | +61% | — |
| Gross profit | n/a | ₩193B | ₩142B | ₩102B | ₩72.2B |
| EBITDA | n/a | ₩203B | ₩188B | ₩127B | ₩83.1B |
| Net income | ₩113B | ₩82.6B | ₩8.68B | ₩24.7B | ₩28.9B |
| Free cash flow | n/a | ₩65.6B | ₩64.7B | ₩46.8B | ₩48.0B |
| Capital expenditure | n/a | ₩0 | ₩0 | ₩0 | ₩0 |
| Total debt | n/a | ₩3.14T | ₩2.91T | ₩2.72T | ₩2.05T |
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.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SK REIT 395400.KS | $1.04B | -30% | +15% | 6% | 0.73× | 4.8% |
| ESR Kendall Square REIT 365550.KS | $513M | -37% | +11% | 1% | 0.63× | 4.6% |
| KORAMCO LIFE INFRA REIT 357120.KS | n/a | -27% | n/a | n/a | n/a | n/a |
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.
| Measure | 395400.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.6% | -1.1% | 2nd lowest of 21 |
| 6-month return | -30.4% | -14.3% | 2nd lowest of 21 |
| Return on equity | 5.7% | 6.1% | 9th lowest of 20 |
| Price / book | 0.73× | 0.81× | 7th cheapest of 21 |
| ROE the price implies | 4.8% | 6.0% | 5th least demanding of 21 |
| ROE delivered | 5.7% | 6.1% | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 6% | 0.73× | 4.8% | 5.7% |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 6% | 1.09× | 4.6% | 6.0% |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 7% | 0.64× | 7.8% | 6.5% |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 7% | 0.80× | 8.8% | 6.8% |
| Heiwa Real Estate REIT 8966.T | Japan | $1.06B | -15% | +24% | 8% | 1.15× | 5.5% | 8.4% |
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 16% | 0.71× | 5.0% | 15.7% |
| Altareit AREIT.PA | France | $1.06B | -9% | -20% | -5% | 1.38× | 7.7% | -5.4% |
| NTT UD REIT Investment 8956.T | Japan | $1.06B | -16% | +14% | 6% | 1.15× | 4.8% | 6.1% |
| Easterly Government Properties DEA | United States | $1.06B | -4% | +11% | 1% | 0.82× | 8.6% | 1.0% |
| Medical Properties Trust MPT | United States | $1.08B | -65% | +11% | 5% | 0.23× | 5.2% | 5.3% |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 11% | 0.58× | 5.9% | 11.1% |
| Growthpoint Properties Australia GOZ.AX | Australia | $1.09B | -2% | 0% | 4% | 0.69× | 8.7% | 3.9% |
| TOKYU REIT 8957.T | Japan | $1.10B | -6% | +10% | 9% | 1.37× | 5.2% | 8.6% |
| National Healthcare Properties NHP | United States | $1.11B | +8% | -1% | -5% | 1.05× | 16.3% | -5.3% |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 3% | 0.33× | 2.6% | 2.7% |
| Ladder Capital LADR | United States | $1.12B | -13% | +2% | 7% | 0.77× | 8.3% | 6.7% |
| Centerspace CSR | United States | $963M | -15% | +15% | 12% | 1.21× | 10.3% | 11.7% |
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 6% | 0.79× | 6.0% | 6.3% |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | n/a | 0.80× | 3.1% | n/a |
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | -1% | 0.82× | 11.3% | -0.6% |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 5% | 0.96× | 4.4% | 5.2% |