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Weekly Korean Market Update (6/13~6/18)

2022. 06. 20 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Lotte REIT Second Korean REIT Added to FTSE EPRA Nareit Index Lotte REIT has been incorporated into the FTSE EPRA Nareit Asia Developed Index. It is the second Korean REIT in the index after ESR Kendall Square REIT. Lotte REIT was evaluated highly for its excellent financial structure. Even while the refinancing period is approaching in the second half of the year, it has the lowest LTV in the industry (49% based on book value, 43% based on depreciation), making interest rate sensitivity relatively low. The dividend yield can be increased by incorporating assets with additional loans and no capital increase. This advantage is expected to emerge as a defensive […]

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