Shinhan Seobu T&D REIT Co., Ltd.
KKRX:4049903,975.00
KRW
+90.00
(+2.32%)
ISIN
KR7404990004
Return %
Stock
S&P 500
1Y
16.74
14.20
3Y
21.37
81.12
5Y
- -
68.34
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
- Man-Ho Seung
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Seoul South Korea
- IPO Date
- Dec 10, 2021
- Website
- shsbreit.com
- Similar Companies
- Business
- Shinhan Seobu T&D REIT Co., Ltd. is a South Korea-based real estate investment trust focused on the acquisition, management, leasing, development, and disposal of prime commercial real estate assets. Founded in 2020 and headquartered in Seoul, South Korea, the trust is sponsored by urban developer Seobu T&D Co., Ltd. and managed by Shinhan REITs Management Co., Ltd., an asset management subsidiary of Shinhan Financial Group. The company operates primarily within the Seoul Capital Area across three core business segments: Retail Properties, Hospitality and Lodging, and Commercial Office Leasing. The trust's primary products, services, and operational assets include the ownership, operation, and tenant leasing of Square 1, a premier large-scale retail and lifestyle shopping complex located in Incheon, providing leased space to multinational fashion brands, hypermarkets, dining venues, and entertainment operators; luxury and upper-midscale hospitality assets, comprising the luxury serviced hotel Grand Mercure Ambassador Hotel Seoul Yongsan located within the Seoul Dragon City complex, as well as the midscale business hotel Shilla Stay Mapo in Seoul; commercial office leasing and facilities administration, including an investment interest in Gwanghwamun G Tower in Seoul's central business district; and comprehensive real estate investment management operations, encompassing master lease structuring, space tenanting, capital expenditure management, property enhancement, and biannual cash dividend distributions to institutional and retail equity investors. The trust caters to corporate occupiers, commercial retail tenants, business and leisure travelers, and public market investors. In recent corporate developments, Shinhan Seobu T&D REIT executed a major portfolio rebalancing and capital recycling program. In 2025, the trust acquired the Shilla Stay Mapo hotel property to reinforce cash flow stability and enhance rental yields in high-demand hospitality submarkets. In 2026, the company finalized the sale of Nine Tree Hotel Dongdaemun through its subsidiary, Shinhan Seobu T&D No. 2 REIT, for approximately KRW 81 billion, subsequently initiating the liquidation of the subsidiary to reallocate realized capital into higher-yielding commercial properties. In addition, the trust expanded its presence in the prime office market through its interest in Gwanghwamun G Tower, completed debt refinancing initiatives to optimize borrowing costs amid interest rate fluctuations, and reinforced its acquisition pipeline by leveraging right-of-first-refusal arrangements on sponsor-backed urban logistics center redevelopments and mixed-use commercial projects.