[Market Focus] Daishin Value REITs Drops Over 9% on First Day of KOSPI Listing

Daishin Value REITs is experiencing a sharp decline of over 9% in the early trading session on its first day listed on the KOSPI.

As of 9:15 a.m. on July 10, 2025, shares of Daishin Value REITs were trading at 4,535 won, down 9.30% from the IPO price of 5,000 won. The stock opened at 4,750 won and has continued to widen its losses.

Daishin Value REITs is the first publicly listed REITs of Daishin Financial Group, and is a prime office-based REITs that incorporates 'Daishin343', the group's headquarters building in Jung-gu, Seoul, as its underlying asset. Daishin343 is a prime-grade office building developed directly by Daishin Financial Group. The group has signed long-term master lease agreements of up to 10 years with its affiliates, securing an occupancy rate of 100%, and aims for a quarterly dividend yield of approximately 6.35% on average over seven years.

During the public subscription for general investors held on June 23 and 24, the competition ratio reached 6.37 to 1, and approximately 123 billion won in subscription deposits were collected. In the earlier demand forecast for institutional investors, the competition ratio was 7.43 to 1. A total of 174 domestic and overseas institutions participated, applying for 86 million shares. The IPO price per share was set at 5,000 won.

After listing, the company plans to pay its first quarterly dividend in November, based on the August fiscal year-end, and will provide both predictable cash flow and compounding benefits to investors through four quarterly dividends per year. The funds raised will be used to repay private bonds issued for the acquisition of a 100% stake in 'Ja REITs (Daishin Value REITs Private No.1)', which holds Daishin343 as its underlying asset.