Koramco Life Infra Reit코람코라이프인프라리츠

Koramco Life Infra REIT's shares are down over the past year and trade well below its DCF base value, while leverage is high and profitability has fallen from 2024's peak.

The REIT earns rental income from about 148 gas stations, 2 logistics centers, 3 hotels and 1 parking lot in Korea, and pays out profits as dividends. Trailing revenue to H1 2026 is about ₩39.9B with operating income of ₩24.3B, but net income is ₩5.0B and ROE is about 1%. The share price of ₩3,760 sits near its 52-week low of ₩3,715, against a 52-week high of ₩4,950.

What stands out

• Trailing operating margin is 60.9% and net margin is 12.5%, with net income well below 2024's ₩23.8B.
• Revenue fell 20.5% in 2025 after a 54% jump in 2024, so top-line results have been uneven.
• Liabilities are 207.1% of equity, and borrowings of ₩106.1B exceed cash of ₩44.9B.
• The model's base fair value is ₩4,488 versus the ₩3,760 close, with a bear case of ₩3,215 and a bull case of ₩6,555; the model depends on a 6.9% discount rate.
• Filings include a sale of 19 gas stations, reported by Yonhap and Asia Economy, plus a borrowing disclosure and a response to a news report.

What to watch

• Whether the planned sale of 19 gas stations is completed and how it affects rental income and debt; the data does not give deal terms.
• The response to the rumour or news report filed on 2026-10-20, whose content is not in the data.
• Full-year 2026 results and dividend level, since the trailing yield of 4.3% depends on current payouts and the data gives no guidance.