Hanwha REIT Enters Lease Amendment with Meritz Fire & Marine Insurance at Nowon Office, Slight Rent Increase

Hanwha REIT has entered into a lease amendment agreement with Meritz Fire & Marine Insurance for the 3rd floor of its Nowon office building.
The amendment reflects the higher of CPI increase rate or 3% after one year from the original contract, raising monthly rent from approximately 5.17 million KRW to 5.32 million KRW, an increase of about 3%.
The lease deposit remains unchanged at 48.45 million KRW, with the contract term from July 1, 2026 to June 30, 2027.
This minor lease adjustment has limited impact on the company's financial structure or shareholder value, serving to maintain stable rental income.
[AI Summary]Hanwha REIT has adjusted the monthly rent for its Nowon office lease with Meritz Fire & Marine Insurance, linking it to CPI with a 3% floor. This routine revision slightly boosts operating cash flow but has minimal direct stock price impact. The continued relationship with a high-quality tenant enhances rental income predictability.