E Kocref Cr-Reit이리츠코크렙

E Kocref Cr-Reit's shares have fallen sharply over the past year, though its reported profitability and dividend yield remain relatively high.

E Kocref Cr-Reit is a Korean corporate restructuring REIT that holds two outlet stores through a subsidiary. For the twelve months to H1 2026 it reported revenue of about ₩23.3B and net income of about ₩6.9B, with no borrowings but liabilities at 219.5% of equity. The share price closed at ₩2,965 on 2026-10-28, down 37.6% over one year and near the lower half of its 52-week range.

What stands out

• Trailing operating margin is 78.5% and net margin 29.6%, with revenue growth of about 2% in 2025, so the business has been stable rather than expanding.
• Net income fell from about ₩9.9B in 2023 to about ₩5.0B in 2024 before recovering to about ₩7.0B in 2025, and trailing figures are around ₩6.9B.
• The data shows a dividend yield of 5.9%, a P/B of 0.9 and a P/E of 27.2, with a DCF base value of ₩3,862 versus the ₩2,965 close; this model output is not a forecast or recommendation.
• Foreign ownership fell from 4.1% to 2% over about 60 days, and 20-day foreign flows were net negative, while retail and institutional flows were slightly positive.
• Recent filings include an annual report and AGM results in September 2026, a cash dividend decision in August 2026, and a 5%+ holding report in October 2026. No news headlines were provided.

What to watch

• Details of the next dividend payment and whether the cash dividend decision changes the 5.9% yield figure.
• Any further 5%+ holding reports and continued foreign ownership changes, which fell from 4.1% to 2%.
• Upcoming half-year or quarterly filings, since the data does not say how the two outlet properties' occupancy or rent levels are trending.