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  3. •

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

Shinhan Global Active REIT Co., Ltd.

KKRX:481850
827.00
KRW
0.00
(0.00%)
15.97EPS
59.50P/E
41.30BMarket Cap
Shinhan Global Active REIT Co., Ltd.
KRX:481850
(Korea Stock Exchange)

Recent

price

827.00

P/E

ratio

59.50

div

yld

- -

ROIC.AI

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

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
- -
- -
- -
- -
- -
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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.