1. South Korea Stocks

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  3. •

    Real estate investment trusts
Hanwha REIT Co., Ltd.

Hanwha REIT Co., Ltd.

KKRX:451800
5,220.00
KRW
+120.00
(+2.35%)
97.22EPS
52.36P/E
914.16BMarket Cap
2022 Y
2022 Y
2023 Y
2023 Y
2024 Y
2024 Y
2025 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
- -
371.45
282.37
276.72
474.72
298.95
291.85
302.09
326.3
Basic EPS, GAAP
0.03
0.1
23.19
33.75
38.88
39.66
63.95
64.67
96.94
97.22
Free Cash Flow per Basic Share
0.02
0.09
96.45
90.42
86.82
158.16
97.75
103.48
128.09
- -
Dividend per Share
- -
0.03
- -
112.36
135.33
157.02
66.1
135
135.01
- -
Book Value per Share
3.64
3.64
4,264.25
4,185.64
4,089.18
4,656.94
3,948.16
3,877.83
3,839.76
3,752.27
Tangible Book Value per Share
3.64
3.64
4,264.25
4,185.64
4,089.18
4,656.94
3,948.16
3,877.83
3,839.76
3,752.27
Basic Weighted Avg Shares
1
1
52
82
82
71
169
180
180
180
Sales/Revenue/Turnover
- -
- -
19,279
23,274
22,809
33,512
50,450
52,416
54,253
58,606
Operating Margin (%)
- -
- -
61.23
53.21
56.98
56.93
61.3
57.26
63.16
62.89
Depreciation Expense
- -
- -
3,316
4,014
3,956
4,833
6,278
6,338
6,235
6,612
Net Income, GAAP
- -
- -
1,203
2,781
3,204
2,800
10,792
11,615
17,410
17,462
Effective Tax Rate (%)
10.96
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
6.24
11.95
14.05
8.35
21.39
22.16
32.09
29.8
Working Capital
- -
- -
-109,249
-112,150
-104,263
-437,973
-51,584
-47,392
-46,721
-271,291
LT Debt
- -
- -
217,191
217,183
227,359
748,645
748,783
762,287
763,420
904,224
Total Equity
300
300
351,495
345,015
337,064
328,780
709,089
696,458
689,622
673,907
Return on Invested Capital (%)
- -
- -
3.48
1.83
1.93
1.73
2.04
2
2.29
2.21
Return on Capital (%)
- -
0.02
3.51
1.87
1.96
1.72
2.05
1.98
2.29
2.21
Return on Common Equity (%)
- -
0.02
0.68
0.8
0.94
0.84
2.08
1.65
2.51
2.56

Capital Structure

KRW

•

in mil. unless spec.
Jul'25
Jan'26
Jul'27
ST Debt
39,928
39,989
259,755
LT Borrowings
766,895
762,861
904,224
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
717,502
825,262
914,164

Working Capital

KRW

•

in mil. unless spec.
Jul'25
Jan'26
Jul'27
Total Current Assets
55,252
22,702
27,263
Cash, Cash Equivalents & STI
54,866
22,308
21,413
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
107,865
81,195
298,554
Payables & Accruals
- -
- -
- -
ST Debt
39,928
39,989
259,755
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.63%
-0.98%
Free Cash Flow
- -
27.25%
23.77%
Net Income, GAAP
- -
69.11%
49.9%
Sales/Revenue/Turnover
- -
20.57%
3.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
26,009
- -
26,176
- -
52,416
2026
- -
- -
27,166
- -
54,253
2027
31,440
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
35.03
- -
33.59
- -
64.67
2026
- -
- -
49.72
- -
96.94
2027
47.5
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
135
2026
- -
- -
- -
- -
135.01
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
Sector
Finance
Industry
Real estate investment trusts
Address
Seoul South Korea
IPO Date
Mar 27, 2023
Website
hanwhareit.com
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Business
Hanwha REIT Co., Ltd. is a South Korea-based real estate investment trust sponsored by Hanwha Group that specializes in the acquisition, ownership, management, leasing, and disposal of prime commercial real estate properties. Founded in 2022 and headquartered in Seoul, South Korea, the company is managed by Hanwha Asset Management Co., Ltd. and focuses on high-quality office assets strategically situated across prime metropolitan business hubs. Hanwha REIT Co., Ltd. conducts its operations through a real estate investment and property leasing segment, offering real estate investment vehicles and management solutions comprising commercial office leasing and space management services; property management, tenant relations, and facility operation; portfolio acquisition and real estate asset optimization; long-term corporate master lease structuring; and regular dividend distribution to individual and institutional investors. The company manages a portfolio of core office properties across the Seoul Central Business District, the Yeouido Business District, and the Greater Seoul Metropolitan Area, including the landmark Hanwha Janggyo-dong Headquarters Building, the Hanwha General Insurance Yeouido Building, and regional commercial office buildings in Nowon, Guri, Pyeongchon, Jung-dong, and Bupyeong. The trust leases its commercial space primarily to creditworthy affiliates of Hanwha Group, such as Hanwha Life Insurance, Hanwha Corporation, Hanwha Solutions, and Hanwha General Insurance, under long-term leases that provide high occupancy rates and stable cash flows. In recent developments, Hanwha REIT Co., Ltd. significantly expanded its asset base and total assets under management by completing the acquisition of the prime Hanwha Janggyo-dong headquarters building in central Seoul from sponsor Hanwha Life Insurance. To fund this large-scale asset incorporation and optimize its capital structure, the company executed a comprehensive paid-in capital increase through a public rights offering, expanding its equity capital base, enhancing liquidity, and solidifying its position among South Korea's premier sponsor-backed commercial office REITs.