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IGIS RESIDENCE REIT Co., Ltd. (350520) AI Stock Analysis

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KR:350520

IGIS RESIDENCE REIT Co., Ltd.

(Korea Exchange:350520)

Select Model
Rating:54Neutral
Price Target:$3,060.00â–²(1.83% Upside)
Action:initiatedcoverage
Date:10/28/26

Overall score reflects meaningful cash-flow fragility and earnings-quality concerns despite improving revenue and moderate leverage, alongside a technically weak downtrend. Valuation is a clear positive (low P/E and high yield), but payout and earnings sustainability risk limits the score.

Positive Factors
Revenue ReaccelerationThe return to meaningful annual revenue growth indicates improved operating momentum across the residential accommodation portfolio. If sustained, stronger top-line performance can support recurring rental income, improve fixed-cost absorption, and provide a more durable base for future distributions.
Negative Factors
Weak Cash ConversionWeak and inconsistent cash conversion means reported earnings may not translate reliably into funds available for distributions or reinvestment. The sharp 2025 free-cash-flow decline and prior negative cash-flow period make payout capacity less durable and increase reliance on operating improvement.

IGIS RESIDENCE REIT Co., Ltd. (350520) vs. SPDR S&P 500 ETF (SPY)

-20%-15%-10%-5%0%5%10%15%20%KR:350520-16.47%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 110.78B
Dividend Yield
9.98%
Average Volume (3M)
40.24K
Price to Earnings (P/E)
3.5
Beta (1Y)
0.02
Revenue Growth
-31.91%
EPS Growth
121.66%
Country
KR
Employees
―
Sector
General
Sector Strength
55
Industry
Asset Management

IGIS RESIDENCE REIT Co., Ltd. Business Overview & Revenue Model

Company Description

Established in 2020, IGIS Residence Reit Co., Ltd. is a real estate investment trust headquartered in Seoul, South Korea, specializing in residential rental properties.

IGIS RESIDENCE REIT Co., Ltd. Financial Statement Overview

Summary

Income statement strength (re-accelerating revenue and higher net income) is offset by concerns about earnings quality (unusually high/volatile margins, including periods where profit exceeds revenue). The balance sheet is reasonably levered (debt-to-equity ~0.30) but with rising debt over time. Cash flow is the key weakness: small operating cash flow versus earnings, sharp free cash flow decline in 2025, and prior negative periods reduce confidence in earnings convertibility and distribution capacity.

Income Statement

72Positive

Balance Sheet

66Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Jun 2024Jun 2024Jun 2022Jun 2022
Income Statement
Total Revenue12.19B13.20B42.30B9.93B24.80B66.40B
Gross Profit19.57B16.51B42.30B9.93B31.33B66.05B
EBITDA28.59B19.56B50.51B13.08B34.44B76.18B
Net Income24.71B15.43B41.34B9.29B24.20B70.55B
Balance Sheet
Total Assets418.13B415.41B394.41B401.39B294.49B359.37B
Cash, Cash Equivalents and Short-Term Investments18.06B17.30B4.44B15.68B6.92B12.32B
Total Debt96.32B96.58B116.46B86.84B59.57B113.79B
Total Liabilities102.05B96.78B116.78B87.11B114.64B115.54B
Stockholders Equity316.07B318.63B277.62B314.28B179.85B243.83B
Cash Flow
Free Cash Flow3.37B1.80B-91.23M3.16B1.73B3.28B
Operating Cash Flow3.37B1.80B-91.23M3.16B1.73B883.78M
Investing Cash Flow16.03B11.57B3.24B13.22B-49.92B2.32B
Financing Cash Flow-7.94B-1.22B-7.13B-2.63B47.23B-2.74B

IGIS RESIDENCE REIT Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price3005.00

Price Trends

50DMA3270.90Negative
100DMA3295.58Negative
200DMA3449.94Negative

Market Momentum

MACD-78.74Positive
RSI26.04Positive
STOCH13.63Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:350520, the sentiment is Negative. The current price of 3005.00 is below the 20-day moving average (MA) of 3144.50, below the 50-day MA of 3270.90, and below the 200-day MA of 3449.94, indicating a bearish trend. The MACD of -78.74 indicates Positive momentum. The RSI at 26.04 is Positive, neither overbought nor oversold. The STOCH value of 13.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:350520.

IGIS RESIDENCE REIT Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:350520 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:003480KR:00348067NeutralKRW 109.58B1.64―2.86%-2.74%4.65%
KR:004960KR:00496059NeutralKRW 120.10B1.44―1.45%-27.47%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:350520KR:35052054NeutralKRW 110.78B3.50―9.98%-31.91%121.66%
KR:014280KR:01428042NeutralKRW 108.64B-6.80―3.06%0.73%-61.29%

* General Sector Average

Performance Comparison

0%50%100%150%200%KR:350520KR:003480KR:004960KR:014280KR:037350KR:293580Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:350520 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:350520IGIS RESIDENCE REIT Co., Ltd.3005.00-596.92-16.57%
KR:003480Hanjin Heavy Industries & Construction Holdings Co., Ltd.4200.00-553.38-11.64%
KR:004960Hanshin Construction Co., Ltd.10380.002874.2438.29%
KR:014280Kumkang Kind Co., Ltd.3925.00-1532.24-28.08%
KR:037350Sungdo Engineering & Construction Co., Ltd.6230.001661.0336.35%
KR:293580Nau IB Capital1220.0058.195.01%
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.

Date of analysis: Oct 28, 2026