Financial Data

Debt Summary

As of Oct. 14, 2022

  • Borrowings
    KRW 1,291,487 million
  • LTV (based on the purchase price at the time of acquisition)
    57 %
  • LTC (Loan/(Loan+Equity))
    53.6 %
  • Average Borrowing Period
    3.85 years
  • Ratio of Fixed Interest Rates
    100.0%
  • Average Interest Rate
    2.48%

Note 1: Borrowings and asset purchase prices may vary from those shown in the consolidated financial statements considering the equity share in the investment subject (REF).

Note 2: The LTV is the borowings/purchase price of 17 assets.

Note 3: Long-term borrowings include incidental borrowing costs.

Distribution
by Lender

(%)
As of Oct. 14, 2022

  • K Bank 27.3%

  • B Bank 22.4%

  • D Bank 11.6%

  • S Bank 9.3%

  • K Insurance 7.7%

  • H General Insurance 7.7%

  • N Life Insurance 6.2%

  • C Bank 3.9%

  • T Life Insurance 3.9%

Status of
Loan Maturity

(KRW billion)
As of Oct. 14, 2022

  • Asset No 1&2

  • REF

Long-term
Borrowings

(KRW million)
As of May 31, 2022

Investment type Lender Annual interest rate (%)
End of the current period		 Maturity date Amount
Subsidiary REIT 1 (*) H General Insurance 2.22 2023-12-14 50,000
C Bank 2.22 2023-12-14 50,000
S Bank  2.22 2023-12-14 50,000
B Bank 2.22 2023-12-14 105,000
B Bank 2.50 2025-12-14 155,500
N Life Insurance 2.50 2025-12-14 40,000
B Bank 2.50 2025-12-14 28,700
H General Insurance 2.50 2025-12-14 50,000
N Life Insurance 2.50 2025-12-14 40,000
T Life Insurance 2.50 2025-12-14 50,000
Subsidiary REIT 2 (*) K Insurance 2.50 2024-11-30 34,300
K Bank 2.50 2024-12-20 32,751
K Insurance 2.50 2024-12-20 9,049
K Bank 2.50 2024-12-20 147,225
K Insurance 2.50 2024-12-20 40,675
K Bank 2.50 2024-12-20 57,824
K Insurance 2.50 2024-12-20 15,976
K Bank 2.70 2026-12-20 114,500
REF D Bank 2.22 2023-12-11 28,000
D Bank 2.22 2023-12-11 40,787
D Bank 2.22 2023-12-11 38,000
D Bank 2.22 2023-12-11 42,700
S Bank  3.36 2025-07-09 70,500
Total       1,291,487

Note 1: (*) The consolidated companies’ investment properties are collateralized for the above borrowings (refer to Note 27 of the business report).

Note 2: The above beneficiary certificate is categorized as an associate because it is deemed to have no substantial control under the trust agreement or the Capital Markets Act, given its nature as a trust, even though its equity share exceeds 50%.

Note 3: An average interest rate of 2.48%