DaeShin Financial Group's First Listed REITs
Triple Net Master Lease Structure
Scheduled for July Listing, Targeting 2 Trillion KRW in Assets Within 5 Years
DaeShin Value REITs, the first listed REITs of DaeShin Financial Group, held a press conference on June 12 to announce its growth strategy and vision through a KOSPI listing.
DaeShin Value REITs was established in 2024, received REITs business approval from the Ministry of Land, Infrastructure and Transport, and is currently preparing for a KOSPI listing in July. Launched with the group's integrated headquarters building, "DaeShin 343," as its underlying asset, the REITs has realized a structure that combines the rare stability and profitability in the REITs market, based on a triple-station-access, top-tier specification CBD (Central Business District) prime office.
In particular, "DaeShin 343" adopts a "triple net master lease" structure, in which all affiliates occupy the building and are responsible for leasing the entire space, allowing for stable rental income with no vacancy risk. In addition, as an asset with high-efficiency and eco-friendly design, it holds strong potential for asset value appreciation and dividend growth in the future through revaluation.
Currently, through pre-IPO (pre-listing equity investment) and other means, the incorporation of prime assets amounting to 662 billion KRW, which is 68% of the total capital, has been completed. The funds raised through this listing will be used 100% for the acquisition of shares in a subsidiary REITs. After the listing, with limited circulating shares and the high likelihood of inclusion in major REITs ETFs such as KODEX and TIGER, investment appeal is expected to be highlighted from a supply-demand perspective. Furthermore, the structure allows for the preferential incorporation of DaeShin Financial Group's development assets, supporting future asset expansion and the sustainability of dividends.
Following the listing, the first quarterly dividend will be distributed in November, based on the August fiscal year-end, and four quarterly dividends per year will provide both predictability of investor cash flow and a compounding effect. Based on the intrinsic profitability and stable management structure of the REITs, it is attracting attention as a suitable investment destination not only for institutions but also for long-term individual investors.
DaeShin Value REITs aims to expand its assets to over 2 trillion KRW within five years of listing and plans to grow into a large-scale listed REITs by linking the group's project REITs development and asset incorporation.
Kim Songgyu, CEO of DaeShin Asset Trust, stated, "DaeShin Value REITs will establish itself as a leading listed REITs that combines both stability and profitability, leveraging the infrastructure of DaeShin Financial Group, which encompasses the full cycle of financial services and real estate business. We will realize sustainable profit returns based on trust with our investors."
Meanwhile, DaeShin Value REITs is conducting a public offering totaling 96.5 billion KRW in this listing. After the demand forecasting and general subscription processes, it is scheduled to be listed on the KOSPI in July. The lead underwriters are DaeShin Securities, Korea Investment & Securities, and Samsung Securities.
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