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KORE US REIT (CMOU) Fair Value & Analysis

Real Estate · SG · Market cap $189M

KU KORE US REIT CMOU · SG
Price$0.1810
Fair Value$0.4530
Upside+150.3%
Quality42/100
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Evidence: Medium Range $0.3340 – $0.6690

Fair value as of: Jul 4, 2026

From 12 valuation models · updated today

Share price −0.5% over the past month.

Price vs Fair Value (12 months)

$0.2572 $0.1740 Fair Value $0.4530 Jul 2025 Jul 2026

12‑month range $0.1740 – $0.2572 · fair‑value band $0.3340 – $0.6690 · the $0.1810 price screens below the $0.4530 fair value. As of Jul 4, 2026.

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Analysis

KORE US REIT (CMOU) currently trades at $0.1810, while our model-based Fair Value estimate is $0.4530 — implying the stock looks roughly 150.3% undervalued today. We read business quality at 42/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, KORE US REIT generated revenue of $150M at a net margin of -2.7%. Revenue grew 4.9% year over year. It earns a return on equity of -0.6%. Net debt stands at $555M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) $150M
Revenue growth (YoY) +4.9%
Net margin -2.7%
Return on equity -0.6%
Free cash flow $31.6M FY2025
Operating margin 47.3%
More key figures
Dividend yield 1.7%
EPS growth (YoY) -42.5%
Net debt $555M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

KORE US REIT is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited on 9 November 2017. KORE leverages its focus on the fast-growing technology, advertising, media and information (TAMI), as well as medical and healthcare sectors across key growth markets in the United States (US), and aims to be the first choice US office S-REIT providing sustainable distributions and strong total returns for Unitholders. KORE invests in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets, including the Super Sun Belt and 18-Hour Cities, that combine robust economic fundamentals with vibrant lifestyle offerings. As at 31 December 2025, KORE's portfolio comprised a balanced mix of 13 freehold office buildings and business campuses across eight key growth markets driven by technology and innovation in the US. With a portfolio value of approximately US$1.3 billion and an aggregate net …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KORE US REIT reported revenue of $145M in FY2025 versus $141M in FY2021, a compound +0.7%/yr. Reported net income was −$4.1M in FY2025.

Revenue +0.7%/yr
FY21 $141M
FY22 $145M
FY23 $146M
FY24 $143M
FY25 $145M
Net income
FY21 $77.4M
FY22 $48.5M
FY23 −$67.7M
FY24 −$6.9M
FY25 −$4.1M

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Similar stocks

6 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
MERLIN Properties SOCIMI, S.A MRL €15.23 €7.92 -48%
BXP, Inc BXP $64.34 $60.75 -6%
Alexandria Real Estate Equities, Inc A1RE34 R$68.51 R$53.19 -22%
Vornado Realty Trust VNORP $51.75 $47.22 -9%
Gecina GECFF $87.89 $126.77 +44%
Hudson Pacific Properties, Inc HPP $14.54 $3.95 -73%

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Frequently asked questions

Is KORE US REIT (CMOU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of $0.4530 versus a price of $0.1810 — about +150% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CMOU?
Our model-based fair value for KORE US REIT is $0.4530 (as of Jul 4, 2026), built from audited fundamentals. The current price is $0.1810.
What is the quality score of CMOU?
KORE US REIT has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of KORE US REIT (CMOU)?
KORE US REIT reported trailing-twelve-month revenue of about $150M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of CMOU?
The net profit margin of KORE US REIT is about -2.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does KORE US REIT pay a dividend?
KORE US REIT currently shows a dividend yield of about 1.68% relative to its recent price (as of Jul 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.