[Alpha Biz= Reporter Kim Minyoung] SK Reit is moving to sell approximately 30 of its gas stations currently owned nationwide.
According to investment banking sources on the 19th, SK Reit has recently issued a Request for Proposal (RFP) to real estate advisory firms for the sale of around 30 gas stations out of its total 114 locations.
SK Reit, which was listed in 2021, includes SK Energy’s gas stations and the SK Serin Building among its key assets. The initial acquisition cost for SK Energy’s gas stations was 766.4 billion won, but their asset value has increased since then. As of the end of last year, the valuation of these assets reached 908.5 billion won.
Since its listing, SK Reit has acquired additional major assets within the SK Group, including Jongno Tower, SK-U Tower, and the SK Hynix wastewater treatment center. The total Assets Under Management (AUM) of SK Reit currently stands at approximately 4.2 trillion won, making it the largest listed REIT in South Korea. For the first quarter, SK Reit reported rental income of 52.2 billion won, a 71% increase compared to the same period last year, with a dividend per share of 66 won, resulting in an annualized yield of 6.44%.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
