1. South Korea Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
E KOCREF CR-REIT

E KOCREF CR-REIT

KKRX:088260
3,070.00
KRW
-70.00
(-2.23%)
109.00EPS
43.49P/E
300.24BMarket Cap
E KOCREF CR-REIT
KRX:088260
(Korea Stock Exchange)

Recent

price

3,070.00

P/E

ratio

43.49

div

yld

- -

ROIC.AI

2019
2019
2020
2020
2021
2021
2022
2022
2022
2023
2023
2024
2024
2025
2025
2026
TTM
KRW
327.55
330.71
333.56
335.69
335.08
336.73
335.75
337.49
341.57
345.34
350.96
354.09
357.46
362.81
366.56
368.49
365.48
Revenue per Share
102
104
107
108
114
142
143
144.42
147
136
156
129
79
104
109.74
106.59
109
Basic EPS, GAAP
199.28
158.16
182.14
184.89
200.23
221.5
219
215.52
225.76
226.59
236.24
246.47
163.37
179.06
193.35
187.28
- -
Free Cash Flow per Basic Share
174.53
174.24
175.13
175.69
174.99
179.71
204.3
414.24
210.23
195.13
199.54
204.36
185.59
176.89
174.01
176.92
- -
Dividend per Share
4,244.56
4,174.01
4,105.93
4,038.51
3,977.52
3,939.86
3,878.38
- -
3,815.05
3,756
3,712.35
3,637.1
3,529.99
3,457.42
3,393.15
3,322.82
3,270.51
Book Value per Share
4,244.56
4,174.01
4,105.93
4,038.51
3,977.52
3,939.86
3,878.38
- -
3,815.05
3,756
3,712.35
3,637.1
3,529.99
3,457.42
3,393.15
3,322.82
3,270.51
Tangible Book Value per Share
64
64
63
63
63
63
64
64
63
63
64
63
64
63
63
63
64
Basic Weighted Avg Shares
20,804
21,039
21,112
21,180
21,226
21,304
21,329
21,440
21,669
21,844
22,291
22,396
22,754
22,880
23,219
23,341
23,219
Sales/Revenue/Turnover
75.98
76.57
76.59
76.62
76.66
76.83
76.71
76.93
77
77.01
77.46
77.49
77.38
77.94
78.3
78.5
78.35
Operating Margin (%)
4,274
4,274
4,274
4,275
4,279
4,279
4,279
4,279
4,279
4,286
4,301
4,301
4,301
4,301
4,301
4,301
4,301
Depreciation Expense
6,478
6,616
6,773
6,814
7,222
8,984
9,085
9,175
9,326
8,602
9,908
8,159
5,029
6,559
6,951
6,752
6,925
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
31.14
31.45
32.08
32.17
34.02
42.17
42.59
42.79
43.04
39.38
44.45
36.43
22.1
28.67
29.94
28.93
29.82
Profit Margin (%)
18,502
18,868
-129,963
-414,341
10,862
13,399
14,411
- -
15,347
-410,015
-408,629
15,152
13,480
14,020
15,135
-412,393
9,959
Working Capital
432,519
433,117
284,359
- -
426,103
426,778
427,432
- -
428,123
- -
- -
424,375
425,311
426,266
427,264
- -
427,762
LT Debt
268,857
264,389
260,076
255,806
251,942
249,557
245,662
- -
241,651
237,911
235,146
230,380
223,595
218,998
214,928
210,472
207,159
Total Equity
2.24
2.3
2.32
2.34
2.37
2.41
2.42
- -
- -
2.51
2.59
2.63
2.7
2.75
2.82
2.86
2.85
Return on Invested Capital (%)
2.25
2.31
2.33
2.36
2.38
2.42
2.43
- -
- -
2.41
2.61
2.66
2.71
2.76
2.84
2.88
2.87
Return on Capital (%)
2.39
2.48
2.58
2.64
2.84
3.58
3.67
- -
- -
3.59
4.19
3.51
2.22
2.96
3.2
3.17
3.28
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
425,780
426,762
427,762
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
63
63
63
Market Capitalization
271,102
294,855
300,239

Working Capital

KRW

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
Total Current Assets
14,262
15,661
15,982
Cash, Cash Equivalents & STI
14,109
15,196
15,904
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
6,353
6,587
6,023
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.19%
-2.07%
Free Cash Flow
-0.84%
-3.1%
-3.14%
Net Income, GAAP
-1.13%
-4.5%
-2.87%
Sales/Revenue/Turnover
0.92%
0.93%
0.53%
Total Cash Common Dividend
5.11%
-2.34%
1.68%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,198
- -
11,316
- -
- -
2025
11,438
- -
11,550
- -
23,219
2026
- -
- -
11,668
- -
23,341

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79
- -
39
- -
- -
2025
48
- -
55
- -
109.74
2026
- -
- -
54
- -
106.59

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
174.01
2026
- -
- -
- -
- -
176.92
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Business
E Kocref CR-REIT is a South Korea-based real estate investment trust (REIT) primarily engaged in the acquisition, development, management, leasing, and strategic disposal of commercial real estate properties, with a focus on premium office buildings in key business districts of Seoul. The company provides stable income and long-term capital appreciation for institutional and retail investors through rental income generated from long-term lease agreements with corporate tenants. Founded in 2005 and headquartered in Seoul, E Kocref CR-REIT operates as a subsidiary of ELAND RETAIL Ltd. The company is listed on the Korea Stock Exchange since 2018 and is managed by KORAMCO REITs & Trust, a prominent South Korean real estate financial services firm. Its core offerings include property acquisition, property development, property management, rental services, and portfolio disposal to optimize asset performance and investor returns. Recent key developments include continued asset enhancement initiatives and strategic capital recycling through the sale of mature properties, maintaining a focus on portfolio quality and income stability amid a selective expansion approach. These strategic moves are supported by a business model designed to leverage Korea's office market with a concentrated portfolio that emphasizes high-quality office spaces, ensuring consistent revenue streams despite market fluctuations. As a corporate restructuring REIT (CR-REIT), E Kocref CR-REIT follows a tax structure that avoids corporate income tax on distributed net income, benefiting shareholders directly through dividends. The company operates predominantly in South Korea, targeting commercial real estate sectors including office leasing and property asset management, serving primarily institutional investors and individual shareholders seeking exposure to Korean real estate markets. Its strategic priorities over the past 1-2 years include maintaining rental income stability through lease agreements and pursuing selective investment opportunities to enhance portfolio value while managing operational costs effectively. This description reflects the company's primary products and services and its latest strategic initiatives within the evolving South Korean commercial real estate market.