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  3. •

    Real estate development
Kuwait Real Estate Company

Kuwait Real Estate Company

KKSE:KRE
347.00
KWF
0.00
(0.00%)
19.88EPS
27.06P/E
452.54BMarket Cap
Kuwait Real Estate Company
KSE:KRE
(Kuwait Stock Exchange)

Recent

price

347.00

P/E

ratio

27.06

div

yld

0.01%

ROIC.AI

2009
2010
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KWD
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.03
0.03
0.04
Revenue per Share
- -
-0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
0.01
0.01
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
0.01
- -
- -
0.01
- -
0.01
0.01
- -
0.02
0.03
0.01
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.15
0.12
0.06
0.07
0.07
0.07
0.07
0.07
0.08
0.08
0.08
0.08
0.08
0.1
0.12
0.18
0.17
Book Value per Share
0.15
0.12
0.06
0.07
0.07
0.07
0.07
0.07
0.08
0.08
0.08
0.08
0.08
0.1
0.12
0.18
0.17
Tangible Book Value per Share
1,783
1,783
1,780
1,780
1,780
1,780
1,780
1,780
1,759
1,596
1,552
1,534
1,469
1,473
1,261
1,276
1,336
Basic Weighted Avg Shares
10
11
11
12
14
14
16
17
17
24
18
21
28
29
35
39
56
Sales/Revenue/Turnover
57.15
55.89
41.16
53.97
37.96
35.06
47.67
42.81
51.75
72.34
67.69
65.81
58.96
60.89
54.77
47.15
34.89
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
Depreciation Expense
2
-21
2
7
7
4
5
2
7
7
4
6
7
11
13
15
17
Net Income, GAAP
- -
- -
3.46
4.4
4.4
4.4
3.95
3.95
4.04
4.34
3.8
3.75
3.77
4.89
8.46
4.71
4.66
Effective Tax Rate (%)
20.62
-190.24
15.12
56.76
52.75
31.11
29.82
13.02
38.64
29.68
19.32
29.17
26.31
39.05
38.48
38.24
30.81
Profit Margin (%)
-3
7
9
-9
-8
-3
-11
-4
30
28
15
5
-7
-1
20
28
77
Working Capital
33
- -
51
35
68
79
86
91
112
164
165
158
183
179
200
214
214
LT Debt
138
116
114
125
127
127
132
133
132
131
121
133
132
158
195
252
254
Total Equity
3.66
- -
5.06
3.95
3.74
1.96
1.51
2.14
3.47
6.89
5.06
4.4
4.83
4.71
4.33
5.9
6.12
Return on Invested Capital (%)
2.21
- -
2.86
5.24
5.43
3.47
3.91
3.04
4.86
5.12
2.99
3.47
4.65
5.88
5.76
4.07
4.36
Return on Capital (%)
1.61
-16.27
1.5
5.62
5.67
3.34
3.72
1.68
5.08
5.41
2.9
5.07
5.68
8.25
8.25
7.43
8.76
Return on Common Equity (%)

Capital Structure

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23
27
36
LT Borrowings
214
213
213
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,288
1,282
1,293
Market Capitalization
467
411
453

Working Capital

KWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
112
187
167
Cash, Cash Equivalents & STI
58
132
110
Accounts Receivable, Net
11
12
13
Inventories
40
30
30
Total Current Liabilities
84
78
90
Payables & Accruals
- -
- -
- -
ST Debt
23
27
36
Deferred Revenue
- -
- -
- -

Growth Rates

KWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.7%
16.28%
29.15%
Free Cash Flow
68.7%
353.69%
61.94%
Net Income, GAAP
29.62%
35.6%
12.36%
Sales/Revenue/Turnover
12.33%
16.65%
13.08%
Total Cash Common Dividend
- -
- -
-97.93%

Quarterly Revenue

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
8
8
11
35
2025
9
10
8
11
39
2026
24
13
- -
- -
- -

Quarterly Earnings Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

KWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Kuwait Real Estate Company KPSC (AQARAT) is a Kuwait-based integrated real estate development, investment, and asset management enterprise engaged in the acquisition, development, operation, and leasing of commercial, residential, retail, and hospitality properties. The company structures its operations across three core business segments: Real Estate, Investment, and Services. AQARAT offers a comprehensive suite of products and services, including: commercial and retail property development, leasing, and asset management, encompassing prominent mixed-use, retail, and office complexes such as Souk Al-Kuwait, Souk Al-Kabeer, and Arabella; residential community development and property management, featuring upscale residential complexes such as Pearl Marzouq as well as purpose-built corporate and hospitality staff accommodation communities developed under the Domus brand; international hospitality investments and operations, holding strategic ownership stakes and asset partnerships in global hotel brands such as YOTEL and Courtyard by Marriott; comprehensive property and facilities management solutions, comprising leasing administration, facility maintenance, tenant relations, and operational management for third-party and proprietary properties; real estate project management and development consultancy, providing feasibility studies, master planning, architectural oversight, and construction management; real estate investment advisory, appraisal, and portfolio valuation services; and lifestyle and wellness center operations conducted through its subsidiary Active Holding. Headquartered in Kuwait City, Kuwait, and founded on May 16, 1972 as the first real estate firm listed on the Kuwait Stock Exchange (Boursa Kuwait: KRE), the company maintains operational and investment assets across Kuwait, the United Arab Emirates, the wider Middle East, the United States, and Europe. In recent strategic developments, AQARAT successfully executed a substantially oversubscribed capital increase to accelerate its regional development pipeline; launched the AED 3.5 billion Al Tay Hills master-planned residential community in Sharjah, United Arab Emirates; completed strategic land acquisitions in Sharjah through an associate company to support upcoming mixed-use developments; broadened its domestic service offerings through health and fitness expansions under Active Holding in Kuwait; and pursued targeted portfolio rebalancing, including the structured exit from the 501 First Residences project in the United States.