Dear Shareholders
SK REIT is Korea's No. 1 listed REIT with assets worth KRW
4.2
trillion and the some of the best quality properties in real estate.
SK REIT has an AUM of KRW 4.2 trillion won as of the end of October 2023.
It’s portfolio includes the SK Seorin Building, SK Group's headquarters located in the
central business district of Seoul, SK U-Tower, the Bundang headquarters of SK Hynix,
and
Jongno Tower, which is another landmark in downtown Seoul. SK REIT also owns 114 SK
Energy
gas stations located at transportation hubs across the country and five water treatment
centers at SK Hynix’s Icheon Compass, which serves as an essential semiconductor
manufacturing center.
SK REIT introduced a new financing policy with its
best-in-class
credit rating.
With the highest REIT credit rating in Korea (AA-), SK REIT successfully
issued electronic short-term bonds for the first time and introduced an advanced means
of
financing. SK REIT secured both profitability and stability by reducing financing costs
and
attracting affiliates with the highest credit ratings within the SK Group as tenants.
Preparing the next step 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
surpassed industry norms and KOSPI profit rates, solidifying remarkable achievements.
As of its establishment, SK REIT is a multi-sponsored REIT that acquires various assets
from SK Group affiliates to drive its growth.
The company’s goal goes far beyond being just the no. 1 REIT in Korea. It wants to
become a “Global Top Tier REIT.”
Thank you for your continued support.
