Korea Real Estate Investment Trust Co., Ltd.
KKRX:0348301,016.00
KRW
-22.00
(-2.12%)
ISIN
KR7034830000
Return %
Stock
S&P 500
1Y
-19.94
14.20
3Y
-13.61
81.12
5Y
-57.04
68.34
Capital Structure
KRW
•
in mil. unless spec.Working Capital
KRW
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in mil. unless spec.Growth Rates
KRW
•
in mil. unless spec.Quarterly Revenue
KRW
•
in mil. unless spec.Quarterly Earnings Per Share
KRW
•
in mil. unless spec.Quarterly Dividends Per Share
KRW
•
in mil. unless spec.Company Description
- CEO
- Yun-Seong Choi
- Full Time Employees
- 258
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 16-19th Floor Seoul SL South Korea 06132
- IPO Date
- Jul 11, 2016
- Website
- koreit.co.kr
- Similar Companies
- Business
- KOREIT (Korea Real Estate Investment & Trust Co., Ltd.) operates as a real estate investment trust company primarily engaged in the investment, development, and management of real estate properties in South Korea. The company offers a comprehensive range of services including real estate development; property management; land development trust; management trust; mortgage trust; profit certificate trust; proxy and agency business; real estate consulting; real estate investment trusts (REITs); and asset-backed securities (ABSs). Its portfolio primarily covers apartments, studio apartments, residential-commercial complexes, and office buildings. Founded in 1996, KOREIT is headquartered in South Korea and has a subsidiary, KOREIT Asset Management, which is instrumental in managing its diverse property and investment activities. In recent developments, KOREIT has expanded its operations internationally, notably through projects in the Philippines, where its subsidiaries Eagle-K GC Corp. and Eagle-K RV Corp. oversee significant golf and residential complex developments in New Clark City under strategic partnerships and leases. In 2024, KOREIT led the acquisition of its Seoul headquarters building, KOREIT Tower, in Gangnam district for approximately KRW 445 billion (around $310 million), consolidating its asset base and reinforcing its role as an asset manager. The company also formed a strategic alliance with Dawon Corporation, South Korea’s leading landscaping firm, to develop a premium 27-hole golf course and residential complex in the Philippines, marking one of the largest overseas leisure developments led by a Korean asset manager. KOREIT operates within the diversified real estate activities industry, targeting institutional investors and property users across South Korea and select international markets, focusing on asset-backed securities and trust services related to real estate. The company maintains strategic investments and actively manages a portfolio that includes commercial properties, residential developments, and data centers, supporting long-term growth and investor returns through innovative real estate finance and development models. KOREIT consistently adapts its business model to leverage new investment opportunities and regulatory changes in the real estate sector. This comprehensive product and service offering combined with recent strategic acquisitions, international expansion, and cooperative ventures positions KOREIT as a leading real estate investment and trust firm in South Korea with growing regional influence in Asia.