K-Top Reits케이탑리츠

K-Top Reits trades near its low at a low valuation, while trailing profit is high and borrowing is modest.

K-Top Reits is a self-managed Korean REIT that owns and rents out office, commercial and mixed-use buildings, mainly in Seoul and other parts of Korea. Trailing results to H1 2026 show revenue of ₩15.6B...

What stands out

• Trailing revenue is about ₩15.6B with operating income of about ₩11.2B, an operating margin of 71.7%.
• Trailing net income is about ₩7.9B, and the data shows cash of about ₩15.8B against borrowings of about ₩2.1B.
• Shares closed at ₩814 on 2026-10-30, near the 52-week low of ₩726 and well below the high of ₩974; the 1-year return is -14.8%.
• The DCF-based model in the data gives a base value of ₩2,872, with a bear case of ₩2,174 and a bull case of ₩3,980; this is a model output, not a forecast.
• Filings in recent months are mostly changes in largest shareholder's holdings, plus borrowing filings in August and October 2026 and a half-year report; no news headlines were provided.

What to watch

• The next results release and whether revenue and margins hold after the 2025 revenue swing, which the data shows as +24.8% in 2025 following -55.1% in 2024.
• Further changes in largest shareholder holdings and any new borrowing filings, since the data lists several of each.
• The data does not include details on the property portfolio, occupancy, or the dividend policy behind the 6.1% dividend yield.