Want to see KR:293940 full AI Analyst Report?
Top Page
Shinhan Alpha REIT Co., Ltd.
(293940)
Select Model
Select Model
Rating:60Neutral
Price Target:
₩6,006.00
Action:N/A
Date:10/28/26
The score is driven primarily by mixed financial fundamentals: strong operating performance and improving cash generation are offset by high leverage and weak ROE. Technicals are supportive with a clear uptrend and positive momentum, while valuation remains a key drag due to the very high P/E despite an attractive dividend yield.
Positive Factors
Revenue and Operating Profitability
Strong revenue growth combined with consistently high operating margins indicates that the REIT is converting property-related activity into durable operating earnings. This supports recurring cash generation and provides a foundation for maintaining portfolio operations and pursuing future growth.
Negative Factors
High Financial Leverage
Elevated leverage leaves the REIT more exposed to refinancing conditions and interest-rate changes, particularly because office assets are financed with substantial debt. High debt also reduces financial flexibility and can limit capacity to absorb weaker property income or fund new investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Operating Profitability
Strong revenue growth combined with consistently high operating margins indicates that the REIT is converting property-related activity into durable operating earnings. This supports recurring cash generation and provides a foundation for maintaining portfolio operations and pursuing future growth.
Read all positive factors
Shinhan Alpha REIT Co., Ltd. (293940) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩691.78B
Dividend Yield6.31%
Average Volume (3M)109.35K
Price to Earnings (P/E)136.2
Beta (1Y)0.07
Revenue Growth45.04%
EPS Growth43.48%
CountryKR
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding120,940,125
10 Day Avg. Volume145,684
30 Day Avg. Volume109,350
Financial Highlights & Ratios
PEG Ratio6.54
Price to Book (P/B)1.41
Price to Sales (P/S)10.83
P/FCF Ratio39.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shinhan Alpha REIT Co., Ltd. Business Overview & Revenue Model
Company Description
Shinhan Alpha REIT Co., Ltd. functions as a specialized entity for indirect real estate investment, pooling capital from diverse investors. This capital is then strategically deployed into, and actively managed across, both physical real estate as...
Shinhan Alpha REIT Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
43
Neutral
Cash Flow
55
Neutral
| Breakdown | Sep 2025 | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 82.85B | 58.31B | 53.42B | 50.47B | 51.05B |
| Gross Profit | 82.85B | 58.31B | 53.42B | 18.80B | 21.71B |
| EBITDA | 61.04B | 41.68B | 40.31B | 41.33B | 39.20B |
| Net Income | 6.75B | 3.12B | 8.00B | 9.35B | 7.18B |
Balance Sheet | |||||
| Total Assets | 3.14T | 2.16T | 2.00T | 1.92T | 1.93T |
| Cash, Cash Equivalents and Short-Term Investments | 103.07B | 48.50B | 103.63B | 48.79B | 52.82B |
| Total Debt | 2.23T | 1.54T | 1.34T | 1.37T | 1.37T |
| Total Liabilities | 2.33T | 1.62T | 1.41T | 1.44T | 1.44T |
| Stockholders Equity | 635.38B | 480.55B | 535.65B | 419.83B | 426.52B |
Cash Flow | |||||
| Free Cash Flow | 22.44B | 11.43B | 20.42B | 17.06B | 18.94B |
| Operating Cash Flow | 22.44B | 11.43B | 20.42B | 17.06B | 18.94B |
| Investing Cash Flow | -483.82B | -217.88B | 32.74B | -4.05B | -3.99B |
| Financing Cash Flow | 467.33B | 149.77B | -4.47B | -15.95B | -22.50B |
Shinhan Alpha REIT Co., Ltd. Technical Analysis
Positive
―
Price Trends
5489.80
Positive
5368.63
Positive
5455.31
Positive
Market Momentum
70.16
Negative
64.06
Neutral
92.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:293940, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 5597.00, equal to the 50-day MA of 5489.80, and equal to the 200-day MA of 5455.31, indicating a bullish trend. The MACD of 70.16 indicates Negative momentum. The RSI at 64.06 is Neutral, neither overbought nor oversold. The STOCH value of 92.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:293940.
Shinhan Alpha REIT Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
KR:293940
Shinhan Alpha REIT Co., Ltd.
5,720.00
519.75
9.99%
KR:094800
Mirae Asset Maps Realty Real Estate Public Investment Company
6,690.00
1,828.97
37.63%
KR:334890
IGIS Value Plus REIT Co., Ltd.
2,990.00
-1,083.95
-26.61%
KR:395400
SK REIT Co. Ltd.
5,250.00
200.92
3.98%
KR:448730
SamsungFN REIT Co., Ltd.
4,870.00
561.28
13.03%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.