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