Koramco The One REITs Surpasses 10,000 Won, Tops All Listed REITs

More Than Double the Offering Price in Returns
The Only REIT to Surpass 10,000 Won per Share

The share price of Koramco The One REITs, a listed REIT managed by Koramco Asset Trust, surpassed 10,000 won on May 13. This marks the highest share price among all listed REITs in Korea.

As of the previous day's closing price on the Korea Exchange, Koramco The One REITs was trading at 10,050 won, pushing its market capitalization above 400 billion won.

Among the 25 listed REITs in Korea, this is the only one with a share price exceeding 10,000 won. Industry experts attribute this performance to the rise in the REIT’s asset value and a clear exit strategy, both of which are seen as key drivers of its share price.

Despite growing uncertainty in the REITs market recently, Koramco The One REITs, which owns large office assets in the Yeouido Business District, has demonstrated an upward trend in its share price. The “Yeouido Hana Securities Building,” an asset held by this REIT, is a prime office building adjacent to Yeouido Station and is considered a landmark in the Yeouido financial business district, with Hana Securities serving as a long-term master tenant. Recently, Hana Securities exercised its right of first refusal, effectively confirming the sale at approximately 800 billion won. This has heightened expectations for both asset disposal and the potential for a special dividend, thereby attracting investor interest.

The market expects that shareholders could receive a cash return of around the low-to-mid 10,000 won range per share. In addition to the annual dividend yield of around 6.7% that has been consistently paid since listing, this translates into an investment return that more than doubles the offering price.

Woo Yongmin, head of public relations at Koramco Asset Trust, stated, "The significance of Koramco The One REITs is not simply that its share price surpassed 10,000 won, but that it has become the most successful REIT in terms of post-listing share price growth and actual investor returns," adding, "By achieving not only stable quarterly dividends but also special dividends, it has recorded the highest yield among all listed REITs in Korea."

He further emphasized, "Ultimately, the key to REIT investment lies in what assets are held, how stably they are managed, and when and how they are exited, and Koramco has demonstrated success in every aspect. This is a clear testament to the management capabilities that have kept us at the top of the REITs market for 25 years."