Igis Residence REIT Co Ltd
Igis Residence REIT Co Ltd is a residential real estate investment trust that generates income primarily through property rentals and real estate asset management.
Business. Igis Residence REIT Co Ltd (350520.KS) is a commercial real estate investment trust listed on the Korea Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property holdings. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
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- 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
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Synthesis
Igis Residence REIT Co Ltd (350520.KS) is a commercial real estate investment trust listed on the Korea Exchange. The company operates within the Real Estate sector, specifically focusing on the Commercial REITs industry. It generates revenue primarily through rental income from its property holdings. Specific details regarding operating segments or geographic concentrations are not provided in the available data.
Igis Residence REIT Co Ltd has a debt-to-equity ratio of 0.48, indicating a relatively conservative capital structure compared to the industry median of 0.65. However, the company's current ratio of 0.11 is significantly below the industry median of 0.30, suggesting potential liquidity constraints in the short term.
The company reported a net loss of KRW 911,258,500 for the period, with a return on equity of -0.0037 and a return on assets of -0.0025. These metrics are well below the industry median ROE of 0.012 and ROA of 0.008, indicating underperformance in asset utilization and profitability.
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 and regulatory changes.
Looking ahead, the company is projected to see a 12% decline in revenue in the current fiscal year and a 5% decline in the next fiscal year. These projections are based on a combination of market conditions and the company's operational performance.
The company faces moderate liquidity risk due to its low current ratio and a net cash position that is negative after subtracting total debt. While dilution risk is currently low, the company has made adjustments to its valuation metrics, including a 10% downward adjustment to its price-to-book ratio due to asset impairments.
Recent filings and transcripts indicate that the company is exploring new investment opportunities and is in the process of restructuring its debt portfolio. These actions are aimed at improving liquidity and reducing financial leverage.
- The company's current ratio is significantly below the industry median, indicating potential liquidity constraints.
- The company is underperforming in terms of profitability and asset utilization compared to industry peers.
- Revenue is concentrated in a single business segment with no geographic diversification.
- The company is projected to see a decline in revenue in the next two fiscal years.
- The company is exploring new investment opportunities and restructuring its debt portfolio to improve liquidity.
Bull / Bear case
Generated · model-assistedDebt-to-equity ratio of 0.48 is below the cohort median of 0.72, suggesting a conservative leverage profile relative to peers.
Return on invested capital remains positive at 0.39%, demonstrating the ability to generate returns above the cost of capital.
Return on equity is negative at -0.37%, ranking in the bottom quartile and failing to generate value for shareholders.
The company faces high credit risk and medium liquidity risk, posing significant financial stability concerns for investors.
In focus — financials by report
Revenue KRW 97.73B, +704,9% YoY; Operating income +690,2% YoY.
- ▍Revenue KRW 97.73B, +704,9% YoY
- ▍Operating income +690,2% YoY
- ▍Net income +714,8% YoY
- ▍Net margin 89.0%
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- Net cash is negative after subtracting total debt.
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- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Equitynet_income / total_equity
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- Return On Assetsnet_income / total_assets
- Igis Residence REIT Co Ltd Market data — financials · 2026-05-26