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    Real estate investment trusts
KB STAR REIT

KB STAR REIT

KKRX:432320
1,515.00
KRW
+14.00
(+0.93%)
52.64EPS
41.13P/E
239.21BMarket Cap
KB STAR REIT
KRX:432320
(Korea Stock Exchange)

Recent

price

1,515.00

P/E

ratio

41.13

div

yld

- -

ROIC.AI

2022
2022
2023
2023
2024
2024
2024
2024
2025
2025
2025
2026
TTM
KRW
- -
- -
335.95
258.56
589.94
242.32
269.13
250.91
345.63
248.05
- -
293.31
289.12
Revenue per Share
-54.15
- -
-89.95
-501.16
461.69
84.82
-287.3
49.01
171.64
46.94
- -
-190.92
52.64
Basic EPS, GAAP
0.07
- -
-65.4
47.93
106.59
315.96
124.12
335.95
160.32
310.12
- -
195.71
- -
Free Cash Flow per Basic Share
- -
- -
- -
151.41
172.41
344.83
172.3
344.59
172.56
337.78
- -
156.28
- -
Dividend per Share
2.39
- -
4,655.07
3,943.98
4,098.24
- -
3,521.95
- -
3,462.36
- -
- -
1,771.94
2,510.87
Book Value per Share
2.39
- -
4,655.07
3,943.98
4,098.24
- -
3,521.95
- -
3,462.36
- -
- -
1,771.94
2,510.87
Tangible Book Value per Share
1
1
97
111
111
111
111
111
110
110
111
110
107
Basic Weighted Avg Shares
- -
- -
32,463
28,576
65,237
26,796
29,781
27,764
38,188
27,406
- -
32,358
31,014
Sales/Revenue/Turnover
- -
- -
35.8
-74.99
81.8
50.73
-90.12
52.96
69.68
52.35
- -
-2.72
59.48
Operating Margin (%)
- -
- -
8,626
7,645
7,374
7,618
7,955
7,751
7,647
7,861
- -
7,830
7,764
Depreciation Expense
-35
- -
-8,692
-55,388
51,055
9,379
-31,791
5,424
18,965
5,186
- -
-21,062
5,646
Net Income, GAAP
- -
- -
- -
- -
6.62
30.02
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
-26.78
-193.83
78.26
35
-106.75
19.54
49.66
18.92
- -
-65.09
18.21
Profit Margin (%)
265
- -
64,023
53,836
80,261
- -
-4,851
- -
-58,609
- -
- -
-639,749
-542,295
Working Capital
- -
- -
481,847
507,889
545,873
- -
597,134
- -
542,887
- -
- -
144,339
164,315
LT Debt
265
- -
514,328
435,761
452,805
- -
389,132
- -
382,547
- -
- -
195,777
277,420
Total Equity
- -
- -
- -
- -
5.13
- -
- -
- -
- -
- -
- -
- -
1.75
Return on Invested Capital (%)
- -
- -
- -
- -
6.01
- -
- -
- -
- -
- -
- -
- -
1.79
Return on Capital (%)
- -
- -
- -
-11.66
11.49
- -
- -
- -
- -
- -
- -
- -
1.81
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Apr'25
Oct'26
Apr'27
ST Debt
84,839
718,516
638,492
LT Borrowings
593,911
29,952
164,315
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
110
110
Market Capitalization
399,572
405,150
239,206

Working Capital

KRW

•

in mil. unless spec.
Apr'25
Oct'26
Apr'27
Total Current Assets
92,066
105,854
196,682
Cash, Cash Equivalents & STI
63,733
74,418
176,707
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
208,087
796,242
738,978
Payables & Accruals
- -
- -
- -
ST Debt
84,839
718,516
638,492
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
14,356
- -
- -
2026
- -
- -
14,682
- -
32,358
2027
16,331
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
28.45
- -
- -
2026
- -
- -
27.54
- -
-190.92
2027
25
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
156.28
2027
- -
- -
- -
- -
- -
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Business
KB STAR REIT Co., Ltd. (432320.KS) operates as a publicly traded perpetual real estate investment trust (REIT) focused on the acquisition, ownership, leasing, and management of prime office properties. The company owns high-quality assets including North Galaxy Towers in Belgium and Samsung Europe Headquarters in the United Kingdom, supported by premier tenants under long-term lease agreements with a 0% vacancy rate; it generates revenue primarily through rental income linked to inflation-adjusted escalations, offering investors a high dividend yield. Headquartered in Seoul, South Korea, KB STAR REIT was established on February 8, 2022, listed on the Korea Exchange on October 6, 2022, and is sponsored by KB Financial Group with asset management provided by KB Asset Management Inc. The REIT targets institutional and individual investors in the commercial real estate sector, emphasizing office properties in key European markets to leverage the global network of its sponsor. Its portfolio benefits from strategic collaboration with KB Financial Group, enabling access to premium assets and favorable financing. In recent developments, KB STAR REIT participated as a key investor in funding rounds for related entities, including a KRW 19.3 billion investment in KB Star Multi Asset No. 1 REIT Co., Ltd. in November 2025 and a KRW 58.705 billion commitment to KB Star Galaxy Towers REIT Co., Ltd. in June 2025, alongside a KRW 65.123 billion funding to the latter in November 2025. These transactions reflect the company's strategy to expand its asset base through investments in aligned REITs and maintain growth amid high interest rates by focusing on rental escalations and occupancy stability.