Daishin Value REIT Proposes 74 Won Dividend for Q4, Maintains Stable Rental Income
Investment in subsidiary REIT that owns 100% of Daishin 343 building (Seoul CBD). Triple-net master lease with Daishin Property Co. (maturity 2032, 3-year extension option). Annual rent escalates at 2.75%.
Consolidated Q4 (Dec 2025-Feb 2026): revenue 8.06B KRW (-14.7% vs prior quarter), operating profit 6.67B (similar), net income 2.10B (+1.8%).
Separate net income 4.38B KRW, EPS 73 won.
Proposed cash dividend per share: 74 won (slight decrease from 76 won in previous period). Total dividend 4.42B, dividend yield approx 1.6%.
Subsidiary's long-term borrowings: 402.3B KRW (fixed 3.5%, maturing 2027). Debt-to-equity ratio 147.8% (based on consolidated equity of 290.2B).
Separate balance sheet: liabilities 0.11B, equity 296.9B (including investment in subsidiary 289.8B). Sound financial structure.
Major shareholders: Korea Investment & Securities (19.5%), Daishin Securities (18.4%). No litigation, share buyback, etc.