481850.Ks
The company operates as a commercial real estate investment trust (REIT), generating revenue primarily through property rental income and asset management fees.
Business. The company operates as a commercial real estate investment trust (REIT), generating revenue primarily through property rental income and asset management fees.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates as a commercial real estate investment trust (REIT), generating revenue primarily through property rental income and asset management fees.
The company's capital structure is characterized by a debt-to-equity ratio of 0.36, indicating a relatively conservative leverage position compared to the industry median of 0.45. However, the liquidity position is weak, with a current ratio of 0.15, far below the industry median of 1.2. The price-to-book ratio of 0.39 suggests the company is trading at a significant discount to its book value, which may reflect concerns over asset quality or future earnings potential.
Profitability metrics are sharply negative, with a return on equity (ROE) of -14.09% and a return on assets (ROA) of -8.79%, both well below the industry median of 5.2% and 3.8%, respectively. The net loss of KRW 15,594,588,883 in the latest period highlights operational challenges, particularly in a sector where stable cash flows are typically expected.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes. The absence of segment-specific data limits the ability to assess the performance of individual asset classes or geographic regions.
Growth prospects appear muted, with no disclosed revenue growth in the latest period and a negative free cash flow of KRW -21,072,774,490. The outlook for the current fiscal year does not indicate a reversal of this trend, and the company has not provided guidance for the next fiscal year. The absence of capital expenditure plans or new development projects further suggests a lack of growth initiatives.
Risk factors include a negative net cash position, with operating cash flow of KRW -1,843,269,420 and a free cash flow deficit of KRW -21,072,774,490. The risk of dilution is currently low, as the number of diluted shares is equal to the number of basic shares. However, the company's negative net income and weak liquidity position could lead to future dilution through debt financing or equity offerings.
Recent events include the filing of the latest financial report, which disclosed the significant net loss and negative cash flows. No recent earnings call transcripts or press releases have been provided, limiting insight into management's strategic response to the current financial challenges.
- The company is trading at a significant discount to book value, with a price-to-book ratio of 0.39.
- Profitability is sharply negative, with a return on equity of -14.09% and a return on assets of -8.79%.
- Liquidity is weak, with a current ratio of 0.15 and negative free cash flow of KRW -21,072,774,490.
- The company lacks geographic and segment diversification, increasing exposure to regional economic risks.
- Growth prospects are limited, with no disclosed capital expenditure plans or new development projects.
- The risk of dilution is currently low, but the company's financial position could lead to future dilution.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- 481850.KS Market data — financials · 2026-05-26