Companies ›Real Estate ›348950.KS

348950.KS — KRX Commercial REITs

JR Global REIT

$1 182,00

Open in Charts → Attach watcher ⌖

— —

KRW

Set alert

Last 30 days

1D5D1M3M6MYTD1Y5YMax

Live price chart loads from the market-data widget.

Mcap

233,3B KRW

P/E

5,0x

EV / Rev

9,0x

Div yield

19,46 %

Op margin

56,0 %

ROE

1,5 %

Net margin

40,8 %

Debt / equity

1,40

Beta

—

52w range

—

Volume

—

Day range

—

Prev close

—

Open

—

Next earnings

—

Ex-dividend

—

TR 1Y

—

About

JR Global REIT is a commercial real estate investment trust that generates income primarily through the ownership, operation, and management of commercial properties.

Business. JR Global REIT (348950.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.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation→

5,0x

P/E

Analysts

—

not yet wired

Ownership

—

not yet wired

Profitability→

1,5 %

return on equity

Quality

—

not yet scored

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.

— missing data

News & coverage

No recent newsroom coverage mentioning 348950.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 348950.KS. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

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

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

JR Global REIT (348950.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.

Classification92 %

SectorReal Estate

IndustryCommercial REITs

AI synthesis

GENERATED

JR Global REIT maintains a capital structure with a debt-to-equity ratio of 1.4, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 0.14, suggesting limited short-term liquidity. The price-to-book ratio of 0.28 indicates that the company's market value is significantly below its book value.

In terms of profitability, JR Global REIT reports a return on equity (ROE) of 1.49% and a return on assets (ROA) of 0.58%, both of which are below the typical thresholds for strong performance in the commercial REIT industry. The company's net income of KRW 12,350,735,910 and operating income of KRW 16,942,603,370 reflect a solid but not exceptional performance relative to industry standards.

The company's revenue is concentrated in commercial real estate operations, with no disclosed geographic diversification. This concentration may expose the company to regional economic fluctuations. JR Global REIT's revenue of KRW 30,245,399,440 is derived from a single business model, which may limit growth opportunities.

Looking ahead, JR Global REIT is projected to maintain a stable revenue trajectory, with no significant growth expected in the next fiscal year. The company's operating cash flow of KRW 10,228,801,030 supports its operations but does not indicate substantial reinvestment or expansion plans. The risk assessment highlights a medium liquidity risk and a low dilution risk, with no immediate pressure for equity issuance.

Recent filings and transcripts do not indicate any material changes in the company's strategic direction or operational performance. The company's financial health remains stable, but its performance metrics suggest a need for strategic improvements to enhance profitability and liquidity.

Key takeaways

JR Global REIT has a debt-to-equity ratio of 1.4, indicating a moderate reliance on debt financing.
The company's ROE of 1.49% and ROA of 0.58% are below typical thresholds for strong performance in the commercial REIT industry.
JR Global REIT's revenue is concentrated in commercial real estate operations, with no disclosed geographic diversification.
The company's liquidity position is characterized by a current ratio of 0.14, suggesting limited short-term liquidity.
JR Global REIT is projected to maintain a stable revenue trajectory, with no significant growth expected in the next fiscal year.
The company's risk assessment highlights a medium liquidity risk and a low dilution risk.

Bull / Bear case

Generated · model-assisted

BULL CASE · 3

Operating income surged 81.2% year-over-year to 118.4 billion KRW, demonstrating significant operational leverage and profitability expansion.

Revenue grew 24.8% year-over-year to 147.0 billion KRW, reflecting strong top-line momentum in the latest fiscal period.

Revenue CAGR of 4.3% over four years indicates consistent long-term growth trajectory despite recent volatility.

BEAR CASE · 5

Debt-to-equity ratio of 1.4 places the REIT in the bottom quartile of the cohort, signaling elevated financial leverage risk.

High credit risk flag suggests potential difficulties in debt servicing or refinancing given the company's leverage profile.

Return on equity of 1.49% falls significantly below the cohort median of 3.63%, indicating inefficient capital utilization.

Net income declined 6.0% year-over-year to 46.9 billion KRW, contrasting sharply with operating income growth.

Cash conversion ratio of 0.83 is below the cohort median of 1.07, suggesting weaker cash generation relative to earnings.

In focus — financials by report

Annual

ANNUALFiled 2025-03-21

FY 2025 · Full-year highlights

Revenue KRW 123.99B, +5,3% YoY; Operating income −1,2% YoY.

RevenueKRW 123.99B+5,3 % YoY

Operating incomeKRW 64.57B−1,2 % YoY

Net incomeKRW 44.90B−10,1 % YoY

Free cash flow—

EPS—

Operating cash flowKRW 90.05B+316,0 % YoY

Financials

Income statement

RevenueKRW 123.99B

Gross profit—

Operating incomeKRW 64.57B

Net incomeKRW 44.90B

Margins

Gross margin—

Operating margin52.1%

Net margin36.2%

FCF margin—

Balance sheet

Total assetsKRW 2.15T

Total liabilitiesKRW 1.34T

Total equityKRW 805.84B

Cash & equivalentsKRW 66.87B

Long-term debtKRW 1.20T

Cash flow

Operating cash flowKRW 90.05B

CapEx—

Free cash flow—

SBC—

P&L flow · revenue → net income

Highlights

▍Revenue KRW 123.99B, +5,3% YoY
▍Operating income −1,2% YoY
▍Net income −10,1% YoY
▍Net margin 36.2%

Valuation FY

Market price

$1 182,00

Market cap

$233.30B

Enterprise valueⓘ

$1.32T

P/Eⓘ

5.0x

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

9.0x

EV / Op incomeⓘ

11.2x

EV / OCFⓘ

129.5x

P / Bⓘ

0.3x

P / Tangible bookⓘ

0.3x

Tangible book

$829.45B

Net cashⓘ

-$1.09T

Current ratioⓘ

0.1

Debt / equityⓘ

1.4

ROAⓘ

0.6%

ROEⓘ

1.5%

Cash conversionⓘ

83.0%

CapEx / revenueⓘ

—

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin56,0 %Above median

Net Margin40,8 %Above median

ROE1,5 %Below median

D/E1,40Bottom quartile

Cash Conv0,83Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Ev To Operating Cash Flow
enterprise_value / operating_cash_flow
Return On Equity
net_income / total_equity
Price To Earnings
market_price / (net_income / shares_outstanding_diluted)
Price To Book
market_price / (adjusted_book_value / shares_outstanding_diluted)
Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)

Source documents

JR Global REIT Market data — financials · 2026-05-26

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

348950.KSCanonical

KRX · KRW

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2025-03-21 12:56 UTCEARNINGSAnnual results — FY 2025 Revenue KRW 123.99B · Net KRW 44.90B

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread