[Featured Stock] IREIT KOREA REIT shows over 3% decline amid modest dividend appeal evaluation

Irits Cocrep is weak due to evaluations that its dividend attractiveness is not high.

As of 9:54 AM on the 23rd, Irits Cocrep is trading at 4,885 KRW, down 155 KRW (3.08%) from the previous day. The weakness has continued for four consecutive days, with the price falling below the 5,000 KRW mark during the session.

On this day, NH Investment & Securities adjusted the target price for Irits Cocrep downward from 5,200 KRW to 4,800 KRW, reflecting the refinancing interest rate confirmed in May this year. The investment rating was maintained at 'Hold.' Eun-sang Lee, a researcher at NH Investment & Securities, said, "Due to dividend impairment and lack of long-term plans after refinancing, its attractiveness is lower compared to other companies," adding, "It is necessary to incorporate new assets beyond retail to maintain corporate competitiveness." He also added, "Dividend impairment due to increased financial costs after refinancing is inevitable. Based on the target price and current price, the expected dividend yield for 2025 is about 5.8% and 5.0%, respectively, which is not high compared to other companies."