MASTERN PREMIER REIT 1 Co., Ltd.
KKRX:357430730.00
KRW
+5.00
(+0.69%)
ISIN
KR7357430008
Return %
Stock
S&P 500
1Y
-50.94
14.39
3Y
-71.70
81.42
5Y
- -
68.62
Capital Structure
KRW
•
in mil. unless spec.Working Capital
KRW
•
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
- Beom-Sik Jeong
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Seoul South Korea
- IPO Date
- May 31, 2022
- Website
- masternpremier.com
- Similar Companies
- Business
- Mastern Premier REIT 1 Co., Ltd. is a South Korea-based real estate investment trust focused on the acquisition, ownership, management, leasing, and operation of prime income-generating commercial real estate assets. Founded in February 2020 and headquartered in Seoul, South Korea, the trust operates as an externally managed corporate REIT overseen by its asset management company, Mastern Investment Management Co., Ltd., and conducts investments both directly and indirectly through wholly owned subsidiaries, including Mastern Global REIT Co., Ltd., and specialized real estate private equity vehicles across South Korea and Western Europe. The company provides real estate leasing, property management, and investment solutions categorized across two primary asset classes: Commercial Office Assets and Logistics Infrastructure. Its systematic product and service offerings comprise: prime office asset leasing and facilities management, headlined by core corporate office properties such as the Crystal Park office complex in Neuilly-sur-Seine within the Paris metropolitan area, France; e-commerce logistics and fulfillment center leasing, including modern warehouse facilities such as the Normandy Amazon logistics center and the South France Amazon distribution center in France; temperature-controlled and cold-storage warehouse management, featuring equity-backed interests in domestic facilities such as the Incheon Hangdong smart cold-storage logistics center in South Korea; and real estate portfolio and investment management services, encompassing equity investment management, debt capital optimization, cross-border currency hedging, and regular dividend distribution administration for retail and institutional shareholders. The trust leases its premises to creditworthy multinational corporations and domestic industry leaders, including global e-commerce and logistics operators, professional service providers, and consumer goods conglomerates. In recent developments, Mastern Premier REIT 1 Co., Ltd. has executed significant financial, operational, and portfolio rebalancing initiatives to bolster liquidity and mitigate risks associated with elevated global interest rates and European commercial property valuations. The company completed debt refinancing negotiations and currency hedging rollovers for its core European holdings, notably the Crystal Park office complex. To improve balance sheet health and service maturing liabilities, the trust implemented capital-raising measures through a rights offering and initiated structured asset disposition processes aimed at divesting selected European logistics assets and its equity stake in the Incheon Hangdong logistics center. In addition, the REIT carried out board and leadership realignments to enhance governance, strengthen risk monitoring across overseas assets, and stabilize operational cash flows for future dividend distributions.