Mirae Asset Global REIT Co., Ltd.
KKRX:3966901,233.00
KRW
-7.00
(-0.56%)
ISIN
KR7396690000
Return %
Stock
S&P 500
1Y
-53.91
14.39
3Y
-54.16
81.42
5Y
- -
68.62
Capital Structure
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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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
KRW
•
in mil. unless spec.Company Description
- CEO
- Hyeon-Jun Shin
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Seoul South Korea
- IPO Date
- Dec 3, 2021
- Website
- globalreit.miraeasset.com
- Similar Companies
- Business
- Mirae Asset Global REIT Co., Ltd. is a South Korea-based real estate investment trust specializing in the acquisition, ownership, leasing, and management of overseas prime logistics and commercial real estate assets. Managed by Mirae Asset Global Investments Co., Ltd., an affiliate of Mirae Asset Financial Group, the company focuses on income-generating real estate in developed international markets, predominantly across major transportation and distribution nodes in the United States. The trust operates in the real estate investment trust sector, structuring its portfolio to generate stable rental income and capital appreciation for distribution to public shareholders. Its primary operations and offerings include the acquisition and asset management of large-scale logistics and distribution facilities; execution of long-term, single-tenant triple-net (NNN) lease contracts with multinational and investment-grade corporate tenants; property management and physical asset oversight across North American logistics corridors; continuous cash flow management through lease indexation and fixed rental escalation schedules; and distribution of semi-annual dividends derived from recurring rental yields. The company's underlying property portfolio features major distribution and fulfillment centers leased to leading global enterprise tenants, including e-commerce fulfillment hubs for Amazon.com, Inc. in Houston, Texas, and Indianapolis, Indiana; an express air and ground cargo sorting hub for FedEx Ground in Tampa, Florida; and a major regional distribution facility leased to Academy Sports + Outdoors in Houston, Texas. In recent corporate developments, Mirae Asset Global REIT has actively pursued capital allocation and portfolio expansion initiatives alongside proactive liability management to adapt to macroeconomic shifts in global debt markets. The trust executed equity financing and rights offering programs to support the asset inclusion of its Houston logistics property leased to Academy Sports + Outdoors, reinforcing its target exposure to resilient consumer supply chains. In response to elevated global interest rate environments, the company has undertaken portfolio-wide debt refinancing, capital restructuring, and interest rate hedging strategies to address upcoming loan maturities on its U.S. credit facilities, optimize borrowing costs, and preserve dividend stability. Additionally, the trust continues to evaluate opportunistic acquisitions of high-occupancy, core logistics real estate across key gateway logistics corridors in North America and Western Europe to further diversify its tenant profile and revenue base. Mirae Asset Global REIT Co., Ltd. was established in May 2021, completed its initial public offering on the Korea Exchange in December 2021, and is headquartered in Seoul, South Korea.