IREIT Global (UD1U) AI Stock Analysis

• Market Cap: S$416.90M
• Dividend Yield: 37.25%
• Average Volume (3M): 800.50K
• Price to Earnings (P/E): 33.3
• Beta (1Y): 0.40
• Revenue Growth: 16.79%
• EPS Growth: N/A
• Country: SG
• Employees: 742
• Sector: Real Estate
• Sector Strength: 66
• Industry: REIT - Office
• EPS (TTM): N/A
• Shares Outstanding: 1,344,837,500
• 10 Day Avg. Volume: 1,026,610
• 30 Day Avg. Volume: 800,503
• PEG Ratio: -0.15
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.50
• Price Target Upside: 61.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• Price Target: S$0.50 ▲(61.29%Upside)

The overall stock score of IREIT Global reflects a mix of strong revenue growth and cash flow generation countered by concerns over profitability volatility and high valuation metrics. The technical indicators suggest a potential bullish trend, but overbought signals indicate caution. The attractive dividend yield provides a positive aspect for income-focused investors. The absence of significant earnings call insights or corporate events data leaves the fundamental and technical analysis as the primary drivers of the score.

IREIT Global Business Overview & Revenue Model

Company Description

IREIT Global (UD1U) is a real estate investment trust (REIT) listed on the Singapore Exchange. The company primarily focuses on investing in income-producing real estate assets across Europe, with a particular emphasis on office properties. IREIT Global aims to provide stable and growing distributions to its unitholders by actively managing its diversified portfolio of high-quality commercial properties.

How the Company Makes Money

IREIT Global generates revenue primarily through rental income from its portfolio of commercial properties. The company leases office spaces to a variety of tenants, including multinational corporations and government entities, ensuring a stable and recurring income stream. In addition to rental income, IREIT Global may also earn revenue from property management fees and service charges associated with maintaining and operating its properties. The company's earnings are significantly influenced by factors such as occupancy rates, lease terms, and property valuations. Strategic acquisitions and divestments, along with cost management initiatives, also play a crucial role in enhancing its profitability.

IREIT Global Financial Statement Overview

Summary

IREIT Global exhibits a robust revenue growth trajectory and strong cash flow generation. However, profitability volatility and past financial challenges raise concerns about operational stability. The firm's balance sheet remains solid, supported by a stable equity position and manageable leverage. While the company shows promise, its financial performance warrants careful monitoring.

Income Statement

IREIT Global's revenue has shown a consistent upward trend over the years, with a notable increase in 2024. The gross profit margin remained strong, reflecting efficient cost management. However, the net profit margin has been volatile, experiencing significant losses in 2023 due to negative EBIT and EBITDA, which improved substantially in 2024. Despite this recovery, the volatility in profitability metrics indicates potential operational challenges.

Balance Sheet

The company's balance sheet shows a stable equity base with a healthy equity ratio, indicating a solid financial foundation. The debt-to-equity ratio, while relatively stable, suggests a moderate level of leverage, common in the REIT industry. Return on equity (ROE) has been inconsistent, influenced by fluctuating net income figures. Overall, the company maintains a strong asset base, providing financial stability.

Cash Flow

IREIT Global has demonstrated consistent operating cash flow generation, with a significant increase in free cash flow in 2024. The free cash flow to net income ratio indicates a strong ability to convert earnings into cash, despite fluctuations in net income. The operating cash flow to net income ratio also reflects efficient cash flow management. However, cash flow volatility in previous years poses a risk.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	75.57M	64.98M	61.65M	52.17M	37.82M
Gross Profit	72.63M	46.89M	48.80M	42.48M	32.89M
EBITDA	42.33M	-116.92M	45.81M	155.90M	29.72M
Net Income	8.60M	-105.33M	36.44M	128.49M	19.72M
Balance Sheet
Total Assets	961.39M	992.08M	1.04B	1.04B	769.03M
Cash, Cash Equivalents and Short-Term Investments	72.17M	57.44M	49.17M	51.67M	43.11M
Total Debt	363.80M	377.76M	329.69M	328.92M	264.63M
Total Liabilities	432.73M	446.46M	414.44M	416.05M	327.29M
Stockholders Equity	528.65M	545.62M	624.70M	619.45M	441.74M
Cash Flow
Free Cash Flow	45.89M	25.98M	36.35M	35.65M	25.32M
Operating Cash Flow	48.33M	34.24M	39.88M	38.98M	26.49M
Investing Cash Flow	23.08M	-90.47M	-3.52M	-141.05M	-38.88M
Financing Cash Flow	-45.36M	53.18M	-38.85M	110.64M	30.16M

IREIT Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.31 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.26, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.78 is Neutral, neither overbought nor oversold. The STOCH value of 71.90 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DHLU	74 Outperform	S$402.18M	11.81	6.78%	7.39%	-7.68%	-20.20%
CMOU	63 Neutral	$240.22M	―	-0.96%	24.56%	-2.52%	89.81%
SET	60 Neutral	€880.43M	26.66	2.84%	11.01%	-3.75%	―
Sector *	59 Neutral	C$1.26B	-2.59	-8.19%	4.91%	10.84%	-18.98%
UD1U	56 Neutral	S$416.90M	33.33	1.60%	37.25%	16.79%	―
BTOU	47 Neutral	$126.14M	―	-34.26%	―	-19.44%	53.13%
OXMU	46 Neutral	$251.19M	31.48	1.13%	1.83%	-11.42%	―

IREIT Global Corporate Events

IREIT Global Boosts Spanish Portfolio with New Leases

IREIT Global has successfully secured two new leases in Spain, totaling approximately 5,200 square meters, which will increase its overall occupancy rate from 77% to 83%. The first lease involves an expansion by a leading data centre operator in Sant Cugat Green, making it the largest tenant in the building. The second lease is with a rapidly growing Spanish company in Parc Cugat Green, which brings the building to full occupancy and improves its weighted average lease break. These developments are part of IREIT’s ongoing efforts to enhance the occupancy and yield of its Spanish properties, strengthening its market position.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

IREIT Global Issues S$85 Million Green Notes Under Multicurrency Programme

IREIT Global has announced the issuance of S$85 million in green notes due in 2028 under its US$1 billion multicurrency debt issuance programme. The notes, which carry a 6.00% interest rate, have been approved in principle for listing on the Singapore Exchange. The issuance involves cross-currency swaps to convert proceeds into Euros, reflecting IREIT’s strategic financial management. The notes include a condition that restricts changes in management, highlighting the importance of stability in the company’s operations.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

IREIT Global Reviews 2024 Performance and Future Strategies at AGM

IREIT Global recently held its Annual General Meeting at the Grand Copthorne Waterfront Hotel in Singapore. During the meeting, the CEO, Mr. Peter Viens, presented an update on the company’s business and financial performance for the year ending December 31, 2024. The presentation highlighted IREIT’s performance, asset details, and future strategies, with the presentation slides to be made available on SGXNET and the company’s website.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

IREIT Global Unveils Strategic Repositioning of Berlin Campus

IREIT Global held an Extraordinary General Meeting to discuss the proposed repositioning of its Berlin Campus, known as Project RE:O. The meeting included a presentation by CEO Peter Viens, who outlined the key rationale and asset overview for the project, signaling a strategic move to enhance the company’s asset portfolio.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

IREIT Global Launches Inaugural S$85 Million Green Notes for Berlin Campus Transformation

IREIT Global has successfully launched its first S$85 million green notes, which were well-received by investors, indicating strong confidence in the company’s future. The funds will be used for the initial phase of Project RE:O at the Berlin Campus, transforming it into a mixed-use asset with office, retail, and hospitality components, including a hotel operated by Premier Inn and a long-stay concept by Stayery, both under 20-year leases. This strategic move aims to diversify IREIT’s tenant base and income streams, strengthening its market position and portfolio resilience.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.

IREIT Global Prices S$85 Million Green Notes for Sustainable Development

IREIT Global has announced the pricing of S$85,000,000 in green notes due 2028 under its US$1,000,000,000 Multicurrency Debt Issuance Programme. The proceeds from these notes will be used for the capital expenditure of Project RE:O, which involves repositioning the Berlin Campus into a multi-let and mixed-use property, aiming for a LEED Gold certification. This initiative aligns with IREIT’s Green Financing Framework, enhancing its commitment to sustainable development. The notes are expected to be listed on the Singapore Exchange and have attracted significant interest from stakeholders, including a substantial subscription by Tikehau Capital, a controlling unitholder.

The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.