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IREIT Global
(SGX:UD1U)
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Rating:51Neutral
Price Target:
S$0.22
▲(27.06% Upside)
Action:Reiterated
Date:09/10/26
The score is held back mainly by weak financial performance (sharp TTM revenue contraction, sizable losses, and weakened/volatile cash flow). Technicals provide some support with price above most shorter-term averages, but elevated RSI and a still-below-200DMA setup limit conviction. Valuation is mixed: a high dividend yield helps, while the negative P/E reflects ongoing losses.
Positive Factors
Recurring Rental Income
The REIT’s core model is based on leasing income-producing commercial properties to corporate tenants under contracted agreements. This recurring revenue foundation can support distribution visibility and operating continuity, provided occupancy and tenant renewals remain stable over the next several quarters.
Negative Factors
Severe Revenue and Earnings Deterioration
The sharp TTM revenue contraction and sizeable net loss weaken the earnings base that supports distributions and reinvestment. Losses have also recurred across multiple periods after profitable years, showing that earnings are unstable and making medium-term financial performance less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Rental Income
The REIT’s core model is based on leasing income-producing commercial properties to corporate tenants under contracted agreements. This recurring revenue foundation can support distribution visibility and operating continuity, provided occupancy and tenant renewals remain stable over the next several quarters.
Read all positive factors
IREIT Global (UD1U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$268.97M
Dividend Yield5.13%
Average Volume (3M)506.57K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-21.22%
EPS Growth-1083.67%
CountrySG
Employees10
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,344,837,500
10 Day Avg. Volume547,290
30 Day Avg. Volume506,573
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.57
Price to Sales (P/S)5.19
P/FCF Ratio-68.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.30Price Target Upside76.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)S$55.10M
IREIT Global Business Overview & Revenue Model
Company Description
IREIT Global, the inaugural real estate investment trust to be listed in Singapore, adopts a core strategy of directly or indirectly acquiring revenue-generating properties located throughout Europe. Its investments span a variety of property type...
How the Company Makes Money
IREIT Global makes money primarily by earning rental income from leasing space in its investment properties to corporate tenants under contracted lease agreements. This rental income (typically comprising base rent and, where applicable, recoverie...
IREIT Global Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
56
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.83M | 49.74M | 75.57M | 64.98M | 61.65M | 52.17M |
| Gross Profit | 30.54M | 32.55M | 72.63M | 46.89M | 45.12M | 38.69M |
| EBITDA | 0.00 | -59.48M | 46.80M | -116.92M | 45.81M | 155.90M |
| Net Income | -86.38M | -61.68M | 8.60M | -105.33M | 36.44M | 128.49M |
Balance Sheet | ||||||
| Total Assets | 887.78M | 925.87M | 961.39M | 992.08M | 1.04B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 57.15M | 89.62M | 72.17M | 57.44M | 49.17M | 51.67M |
| Total Debt | 404.32M | 418.62M | 363.80M | 377.76M | 329.69M | 333.40M |
| Total Liabilities | 464.46M | 475.29M | 432.73M | 446.46M | 414.44M | 416.05M |
| Stockholders Equity | 423.32M | 450.58M | 528.65M | 545.62M | 624.70M | 619.45M |
Cash Flow | ||||||
| Free Cash Flow | 15.23M | -3.75M | 45.89M | 25.98M | 36.35M | 35.65M |
| Operating Cash Flow | 15.23M | 7.13M | 48.33M | 34.24M | 39.88M | 38.98M |
| Investing Cash Flow | -28.58M | -18.46M | 23.08M | -90.47M | -3.52M | -141.05M |
| Financing Cash Flow | -40.00M | 28.39M | -45.36M | 53.18M | -38.85M | 110.64M |
IREIT Global Technical Analysis
Positive
0.17
Price Trends
0.18
Positive
0.20
Negative
0.23
Negative
Market Momentum
>-0.01
Negative
76.08
Negative
65.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:UD1U, the sentiment is Positive. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and below the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 76.08 is Negative, neither overbought nor oversold. The STOCH value of 65.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:UD1U.
IREIT Global Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | S$1.85B | 14.96 | 5.19% | 6.66% | 3.58% | 71.30% | |
69 Neutral | S$1.97B | 59.17 | 1.12% | 7.07% | 6.52% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | $205.56M | 12.22 | 2.16% | 6.91% | -1.67% | 461.90% | |
54 Neutral | $180.69M | 43.50 | 0.60% | 3.72% | 3.79% | ― | |
51 Neutral | S$268.97M | -2.28 | -19.76% | 6.10% | -21.22% | -1083.67% | |
46 Neutral | $81.72M | -2.40 | -10.70% | 16.96% | -25.31% | 87.46% |
* Real Estate Sector Average
SG:UD1U
IREIT Global
0.22
-0.06
-21.82%
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0.56
-0.03
-5.13%
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0.36
0.04
11.99%
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0.14
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Kore US Reit
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-41.46%
IREIT Global Corporate Events
IREIT Global Secures Long-Term BVG Lease at Berlin Campus
Sep 7, 2026
IREIT Global has signed a major commercial lease with Berlin’s public transport operator Berliner Verkehrsbetriebe for 39,419 square metres at its Berlin Campus, securing tenants for 75% of the property and raising portfolio committed occupa...
IREIT Global Refinances Subsidiary Loan Facilities and Flags Change-of-Control Triggers
Sep 3, 2026
IREIT Global has amended, restated and extended the secured loan facilities of its subsidiary Sadena Real Estate, S.L.U., refinancing an aggregate outstanding principal of about EUR 53.5 million with various lenders. The facilities include a manda...
IREIT Global Secures Early Lease Exit Deal with Allianz at Concor Park
Jun 25, 2026
IREIT Global has agreed to an early lease termination with Allianz at its Concor Park property in Aschheim, Germany, allowing the tenant to exit on 31 December 2027 instead of the original expiry in May 2029. Allianz will continue paying rent and ...
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.