Dear Esteemed Shareholders,
SK REIT is Korea’s premier listed REIT, boasting assets valued at KRW 4.4 trillion and some of the finest properties in the real estate sector.
As of the end of October 2023, SK REIT’s Assets Under Management (AUM) stands at KRW 4.4 trillion. Our portfolio encompasses the SK Seorin Building, the central business district-based headquarters of SK Group in Seoul, the SK U-Tower, the Bundang headquarters of SK Hynix, and the Jongno Tower, another landmark in downtown Seoul. Additionally, SK REIT owns 114 SK Energy gas stations situated at key transportation hubs nationwide, and five water treatment centers at SK Hynix’s Icheon Compass, a crucial semiconductor manufacturing center.
SK REIT has introduced a new financing policy, in line with its top-tier credit rating.
With the highest REIT credit rating in Korea (AA-), SK REIT has successfully issued short-term bonds for the first time, thereby pioneering an advanced financing method that’s never seen before in Korea’s REIT market. By reducing financing costs and attracting tenants with the highest credit ratings within the SK Group, SK REIT has ensured both profitability and stability.
Preparing for the next phase as a global REIT – admittance to the FTSE index
On December 20, 2022, SK REIT was admitted to the FTSE EPRA Nareit Index, a globally recognized REIT assessment standard. Despite challenging conditions, we have exceeded industry norms and KOSPI profit rates, marking significant achievements.
From its inception, SK REIT has been a multi-sponsored REIT, acquiring a diverse range of assets from SK Group affiliates to fuel its growth. Our ambition extends far beyond being merely the leading REIT in Korea. We aspire to become a “Global Top Tier REIT.”
We extend our deepest gratitude for your unwavering support.
Yours Sincerely,
