Mirae Asset Global REIT Proposes Refinancing of Amazon Houston Center with No Shareholder Dilution, Maintaining Stable Financial Structure

Mirae Asset Global REIT will hold its 9th regular general meeting on June 24, 2026, to approve the refinancing plan for the Amazon Houston Sorting Center mortgage loan.
The refinancing amount is USD 83.6 million, with no additional equity injection; the new lender is Barings. No new shares will be issued, so there is no shareholder dilution.
The new floating interest rate is 1-month SOFR plus 2.40 percent, slightly higher than before, but the loan term is extended to 3 years with up to 6 years optional, ensuring stable funding.
A cash dividend of 5.14 billion KRW or 130 won per share is proposed, representing a dividend yield of 12.97 percent.
Barings, the new lender, is a credible global asset manager, and the existing lender KB has agreed to extend the maturity until the refinancing closes, mitigating liquidity risk.
[AI Summary]Mirae Asset Global REIT's refinancing of the Amazon Houston Center is a defensive capital management action that extends debt maturity without additional capital or shareholder dilution. The company maintains stable operations with 100 percent occupancy and a consistent dividend policy, reinforcing financial soundness.