Last week, the simple average return rate for the 22 listed REITs was -0.74%. The REITs market has halted its upward trend that lasted for three consecutive weeks. During the same period, the KOSPI increased by 0.38%. While there weren’t many specific issues for any individual REIT, Shinhan Alpha REIT drew plenty of attention. Last week, a media outlet reported that Shinhan Card would sell its headquarters building in Euljiro, Seoul, to Shinhan Alpha REIT, raising concerns in the market. This is because the listed REITs are seen as a means to secure funds for the restructuring of affiliated companies. Shinhan Alpha REIT’s AMC, Shinhan REITs Management, said […]