Koramco Life Infra REIT terminates Yangcheon gas station sale due to counterparty default, proceeds with Nakdongro sale, minor asset reduction
Koramco Life Infra REIT originally planned to dispose of two gas stations in Yangcheon and Nakdongro, but terminated the Yangcheon sales contract on June 19, 2026 due to the counterparty's default.
Consequently, the disposal is reduced to only the Nakdongro gas station, with the sale price decreasing from 30.4 billion KRW to 6.0 billion KRW, representing 0.5% of total assets. The purpose is portfolio reorganization.
The contract termination highlights counterparty credit risk, and investors should monitor for potential further defaults. The Nakdongro sale is expected to proceed as scheduled on June 29, 2026.
[AI Summary]The reduced asset sale scale from the Yangcheon contract termination is slightly negative for earnings in the short term, but the impact on stock price is limited due to the small asset proportion. The counterparty default implies governance risk in counterparty selection and management.
KOSPI Filing Information
[Correction of Description] Disposal Of Real Estate By Real Estate Investment Company