Shinhan Seobu T&D REIT Swings to Profit and Sells Asset
- Consolidated semi-annual net profit of 3.0 billion won (controlling interest 1.1 billion won, EPS 18 won), turning from a loss of 3.7 billion won in the prior year period
- Separate net profit of 6.4 billion won (EPS 109 won)
- After reporting period: Sale of Dongdaemun Nine Tree Hotel completed (Apr 17, 2026), conversion requests for convertible bonds (total 3.8 billion won in April)
- Holds 5 investment properties with 98%~100% occupancy
- Dividend policy: Plans to distribute at least 90% of distributable earnings (pending shareholder approval)
- Consolidated retained earnings remain negative: -41.6 billion won (as of Mar 2026), total equity 347.8 billion won
- Total borrowings: approx. 751.7 billion won (consolidated), including 193 billion won in current long-term borrowings
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KOSPI Filing Information
- Filing: Semi-Annual Report (2026.03)
- Company: Shinhan Seobu T&D REIT (404990)
- Submission: Shinhan Seobu T&D REIT Co., Ltd.
- Receipt: 05-15-2026