Koramco Energy Plus REITs to Newly List on KOSPI on the 31st

[Asia Economy Reporter Minji Lee] Coramco Energy Plus REIT announced on the 28th that it will be listed on the KOSPI market on the 31st of this month.

Coramco Energy Plus REIT is Asia's first gas station-based REIT, managing 187 gas stations and associated commercial facilities located at regional hubs nationwide as its underlying assets. It plans to distribute an annual return of 6.2% to investors, funded by monthly rental income received from major tenants Hyundai Oilbank and SK Networks.

Hyundai Oilbank, which operates the gas station business accounting for about 80% of the rental income, has signed a long-term lease contract of at least 10 years, eliminating the risk of operational gaps and highlighting the stability of dividends.

Coramco Asset Trust, the REIT management company, plans to increase the proportion of separate income, which currently accounts for about 20% of sales, in addition to gas station rental income to expand dividends. They intend to expand the recruitment of QSR (Quick Service Restaurant) stores such as Burger King, McDonald's, and franchise coffee shops currently located in 20 locations nationwide, and integrate untact businesses such as self-storage utilizing idle gas station sites and regional logistics hub projects to raise the income proportion to 40%. The increased separate income will directly lead to dividends.

Director Jangho Yoon emphasized, “Coramco Energy Plus REIT will be a continuously growing REIT through active creation of additional income based on stable rental income secured for at least 10 years.”

This content was produced with the assistance of AI translation services.