1. South Korea Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Shinhan Global Active REIT Co., Ltd.

Shinhan Global Active REIT Co., Ltd.

KKRX:481850
827.00
KRW
+1.00
(+0.12%)
15.97EPS
59.50P/E
41.30BMarket Cap
2023 Y
2023 Y
2024 Y
2024 Y
2024 Y
2024 Y
2025 Y
2025 Y
2025 Y
2026 Y
TTM
Revenue per Share
216.05
165.37
163.11
170.58
117.53
114.97
76.59
78.87
70.09
52.1
54.54
Basic EPS, GAAP
-305.3
-806.16
-646.97
-639.48
-364.09
-266.98
-110.34
-204.66
-166
-34
15.97
Free Cash Flow per Basic Share
92.49
-87.79
-60.15
-180.52
-94.15
55.25
21.82
119.81
63.71
19.75
- -
Dividend per Share
- -
24
10
- -
- -
- -
126
- -
126.68
127.58
- -
Book Value per Share
2,143.96
1,759.32
1,454.93
- -
2,781.46
- -
2,545.12
- -
2,245.94
2,090.85
1,987.3
Tangible Book Value per Share
2,143.96
1,759.32
1,454.93
- -
2,781.46
- -
2,545.12
- -
2,245.94
2,090.85
1,987.3
Basic Weighted Avg Shares
13
20
20
20
30
30
43
43
44
43
43
Sales/Revenue/Turnover
2,885
3,331
3,286
3,436
3,485
3,410
3,330
3,429
3,055
2,255
2,351
Operating Margin (%)
38.27
31.86
35.6
-6.29
4.23
25.77
68.26
54.42
64.43
63.73
73.04
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-4,076
-16,240
-13,033
-12,882
-10,797
-7,917
-4,797
-8,899
-7,236
-1,471
688
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-141.31
-487.5
-396.64
-374.89
-309.78
-232.21
-144.06
-259.48
-236.82
-65.25
29.27
Working Capital
-92,035
-95,830
-98,841
- -
-36,528
- -
-57,002
- -
1,845
-3,742
-28,747
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
10,586
13,786
- -
Total Equity
93,214
76,491
63,257
- -
120,931
- -
110,656
- -
97,899
90,905
86,403
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.69
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.8
Return on Common Equity (%)
- -
-19.14
-18.65
- -
- -
- -
- -
- -
- -
-1.56
0.75

Capital Structure

KRW

•

in mil. unless spec.
May'25
Nov'26
May'27
ST Debt
- -
- -
18,231
LT Borrowings
- -
10,586
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
67,043
56,434
41,304

Working Capital

KRW

•

in mil. unless spec.
May'25
Nov'26
May'27
Total Current Assets
3,724
2,754
642
Cash, Cash Equivalents & STI
981
2,753
641
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
12,133
5,972
29,389
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
18,231
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-7.14%
Free Cash Flow
- -
26.47%
-69.22%
Net Income, GAAP
- -
-15.79%
-79.66%
Sales/Revenue/Turnover
- -
-7.73%
-26.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
1,748
- -
3,055
2026
- -
- -
1,050
- -
2,255
2027
1,300
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
-157
- -
-166
2026
- -
- -
-11
- -
-34
2027
26
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
126.68
2026
- -
- -
- -
- -
127.58
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jun-Woo Cho
Sector
Finance
Industry
Real estate investment trusts
Address
136 Sejong-daero, Jung-gu Seoul SL South Korea 4520
IPO Date
Jun 28, 2024
Website
shglobalreit.com
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Business
Shinhan Global Active REIT Co., Ltd. (481850.KS) operates as a Korea-based real estate investment trust principally engaged in the acquisition, development, management, rental and disposal of real estate assets; it also provides consignment real estate investment trust management services to institutional and individual investors, with a portfolio that includes equity stakes in U.S. real estate funds such as USGB, PRISA and CBRE USCP. Founded on March 17, 2022 and headquartered in Seoul, South Korea, the company focuses on diversified real estate investments, primarily targeting global opportunities while securing funds through public listings on the Korea Exchange. In recent developments, Shinhan Global Active REIT plans partial sales of its U.S. fund equity interests to support debt repayment and operational funding; it extended funding of KRW 8.168 billion to Shinhan Global 1 REIT Co., Ltd., reflecting ongoing strategic support within the Shinhan Financial Group ecosystem; additionally, affiliate Shinhan REITs Management, established in 2017, emerged as the sole bidder for Seoul's BNK Digital Tower in Gangnam in March 2025, signaling active expansion in prime domestic office assets. The REIT maintains operations centered in South Korea with international exposure via U.S. fund investments, catering to a broad investor base seeking real estate exposure amid volatile markets, as evidenced by its trailing twelve-month revenue of KRW 6.97 billion despite net losses.