SK REIT Co. Ltd. (395400) AI Stock Analysis

SK REIT Co. Ltd.

(Korea Exchange:395400)

Select Model

Rating:57Neutral

Price Target:KRW 5,517.00▲(5.09% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is held back mainly by cash-flow and balance-sheet risk (thin debt coverage and still-elevated leverage) despite a sharp profitability rebound. Technicals are broadly neutral with limited longer-term trend support, while valuation is supported by an attractive ~5% dividend yield and a moderate P/E.

Positive Factors

Improved ProfitabilityThe sharp margin improvement indicates substantially better earnings capture from the existing asset base. If maintained, stronger profitability can support distributions, internal funding and resilience, although the latest result should be assessed alongside the company’s volatile revenue history.

Negative Factors

Revenue Contraction and VolatilityThe declining top line shows that improved profitability has not been matched by consistent revenue expansion. Continued contraction or volatility could limit the growth of rental income, reduce operating leverage and make future earnings less predictable despite the stronger latest margin.

SK REIT Co. Ltd. (395400) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 1.58T
Dividend Yield: 5.10%
Average Volume (3M): 203.63K
Price to Earnings (P/E): 17.4
Beta (1Y): 0.19
Revenue Growth: 13.00%
EPS Growth: 225.65%
Country: KR
Employees: ―
Sector: General
Sector Strength: 55
Industry: REIT - Office

SK REIT Co. Ltd. Business Overview & Revenue Model

Company Description

SK Reits Co., Ltd. is a real estate investment trust headquartered in Seoul, South Korea.

SK REIT Co. Ltd. Financial Statement Overview

Summary

Profitability improved sharply with net margin ~36.5% in 2026, but revenue declined ~10% and results have been volatile. Leverage is still high (debt-to-equity ~1.62) despite improvement, and cash flow coverage of debt remains thin (operating cash flow ~5.8% of total debt) with free cash flow down ~14.9%.

Income Statement

66Positive

Balance Sheet

52Neutral

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Dec 2022
Income Statement
Total Revenue	218.14B	226.15B	52.41B	52.25B	30.55B
Gross Profit	171.41B	180.64B	52.41B	52.19B	30.55B
EBITDA	215.77B	229.64B	49.72B	47.91B	27.68B
Net Income	89.69B	82.58B	1.15B	4.18B	3.49B
Balance Sheet
Total Assets	5.42T	5.43T	4.43T	4.42T	3.12T
Cash, Cash Equivalents and Short-Term Investments	85.31B	100.19B	78.32B	252.13B	74.57B
Total Debt	3.10T	3.14T	2.91T	2.88T	2.05T
Total Liabilities	3.38T	3.41T	3.17T	3.14T	2.17T
Stockholders Equity	1.96T	1.94T	1.18T	1.22T	950.72B
Cash Flow
Free Cash Flow	69.00B	65.60B	15.28B	16.54B	9.98B
Operating Cash Flow	69.00B	65.60B	15.28B	16.54B	9.98B
Investing Cash Flow	-354.90B	-356.75B	-195.00B	1.97B	-11.19B
Financing Cash Flow	238.02B	291.25B	188.67B	115.43B	-814.20M

SK REIT Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price5250.00

Price Trends

50DMA5315.63Negative

100DMA5429.52Negative

200DMA5604.92Negative

Market Momentum

MACD5.79Negative

RSI46.68Neutral

STOCH45.52Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:395400, the sentiment is Negative. The current price of 5250.00 is below the 20-day moving average (MA) of 5292.50, below the 50-day MA of 5315.63, and below the 200-day MA of 5604.92, indicating a bearish trend. The MACD of 5.79 indicates Negative momentum. The RSI at 46.68 is Neutral, neither overbought nor oversold. The STOCH value of 45.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:395400.

SK REIT Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:395400 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:293940	60Neutral	KRW 691.78B	136.19	―	6.31%	45.04%	43.48%
KR:395400	57Neutral	KRW 1.58T	17.38	―	5.10%	13.00%	225.65%
KR:330590	56Neutral	KRW 1.20T	61.02	―	9.02%	12.84%	54.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

KR:395400 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:395400	SK REIT Co. Ltd.	5250.00	200.92	3.98%
KR:293940	Shinhan Alpha REIT Co., Ltd.	5720.00	613.28	12.01%
KR:330590	LOTTE REIT Co., Ltd.	4145.00	532.61	14.74%
KR:334890	IGIS Value Plus REIT Co., Ltd.	2990.00	-1106.91	-27.02%
KR:415640	KB Balhae Infrastructure Fund	10040.00	659.11	7.03%
KR:451800	Hanwha REIT Co., Ltd.	5070.00	1186.23	30.54%

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

SK REIT Co. Ltd. AI Stock Analysis