Investor Relations

[2022.12.13] Boosts AUM; now seeking to enhance shareholder value - SAMSUNG SECURITIES

2022.12.13

• SK REIT has more assets under management than any other Korean REIT, which

  has helped it to enhance shareholder returns. Looking ahead, it is likely to focus more

  on adding value to existing assets.

• Its incorporation of Jongno Tower should result in its DPS dipping y-y in 2023, but the

  decline should be limited to 3.3% given its sizable retained earnings.

• We expect the REIT to: 1) aggressively pursue a value-adding strategy for its

  underlying assets: 116 gas stations; and 2) seek to boost shareholder returns via

  asset rebalancing.

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