Lotte REIT: Semi-annual Net Profit 10.6B, AA- Maintained; Asset Expands to 2.9T with L7 Hongdae Acquisition

Credit ratings maintained: AA- (secured bonds), A2+ (short-term bonds) (Korea Ratings, NICE)
Total assets: 2,883.1 billion won (up 288.8 billion from year-end)
Total liabilities: 1,768.6 billion won (up 313.7 billion from year-end)
Net income: 10.57 billion won (operating profit 26.06 billion won)
Acquired L7 Hongdae hotel in January 2026 for 265 billion won (10.15% of total assets)
14th term cash dividend resolved (36 won per share, dividend yield 2.79%)
Major tenants: Lotte Shopping (76.5%), Hotel Lotte (16.0%) and other related parties
Pledged notes: 6.148 billion won (related to Lotte Construction)
Stock price: March 2026 average 4,645 won (up from previous month)

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