Easily View Statistics
Domestic REITs by the Number
As of November 2024
Number of Domestic REITs Managed
395REITs
As of November 2024
Asset of REITsunder Mmagement
KRW 100.7trillion
REITs Listed in the Domestic Stock Markets
SHSBREIT , MIRAEASSETGREIT , NHALLONEREIT , SK REIT , D&D platform REIT , ESRKREIT , KORAMCO EP REIT , JR GLOBAL REIT , MAPS REIT 1 , IGIS RESIDENCE REIT , IGIS Value REIT , NH Prime REIT , LOTTE REIT , ShinhanAlphaREIT , E KOCREF , MODETOURREIT , KTOPREITs , A REITs
18REITs
Annual Average Growth Rate of AUM,
from 2002 to November, 2024
26.7%
Market Capitialization of the Listed REITs,
on November, 2024
8trillion 213billion
Average of Dividend Profit Rate of
Total REITs 2023 under Management
4.0%
(7.2% deducted from public interest policy-typed REITs with a low dividend yield)
Dividend Yield of the Listed REITs 2023
7.4%
(Market-based dividend yield of listed REITs in 2023 is 7.6%)
Overview of REITs
* Unit : billion won * Reference : June, 2022
| Classification | Number of REITs | Assets Under Management | Rate (%) |
|---|---|---|---|
| CR REITs | 15 | 2,453.4 | 2.4 |
| EM REITs | 376 | 97,792.0 | 97.1 |
| SM REITs | 4 | 471.4 | 0.5 |
| Total | 395 | 100,716.8 | 100.0 |
Industry Size
Status of Annual REITs Growh and Asset Size
* Reference : 2024년 11월말 * unit: billion won
| Year | Increase of Number of REITs NoC |
Equilty | AUM | ||
|---|---|---|---|---|---|
| Newly Authorized | Authorized | Net growth | |||
| 2002 | 4 | 4 | 328.5 | 558.4 | |
| 2003 | 4 | 8 | 4 | 706.4 | 1,146.0 |
| 2004 | 2 | 10 | 2 | 801.4 | 1,436.0 |
| 2005 | 2 | 11 | 1 | 1,008.5 | 1,743.9 |
| 2006 | 4 | 14 | 3 | 1,046.3 | 3,329.6 |
| 2007 | 6 | 18 | 4 | 2,392.6 | 4,981.9 |
| 2008 | 5 | 20 | 2 | 2,774.3 | 4,872.4 |
| 2009 | 19 | 36 | 16 | 3,997.9 | 6,989.1 |
| 2010 | 17 | 50 | 14 | 3,659.7 | 7,631.2 |
| 2011 | 31 | 69 | 19 | 4,199.6 | 8,230.8 |
| 2012 | 18 | 71 | 2 | 5,400.2 | 9,529.1 |
| 2013 | 20 | 80 | 9 | 5,915.6 | 11,787.6 |
| 2014 | 27 | 98 | 18 | 7,047.8 | 14,968.2 |
| 2015 | 41 | 125 | 27 | 8,407.0 | 18,018.0 |
| 2016 | 57 | 169 | 44 | 10,734.4 | 25,092.8 |
| 2017 | 36 | 193 | 24 | 12,734.0 | 34,883.4 |
| 2018 | 36 | 217 | 24 | 14,534.2 | 43,900.9 |
| 2019 | 50 | 248 | 31 | 17,123.6 | 51,856.0 |
| 2020 | 61 | 282 | 34 | 21,692.4 | 65,270.1 |
| 2021 | 62 | 315 | 33 | 26,472.9 | 78,235.5 |
| 2022 | 55 | 350 | 35 | 31,642.2 | 89,871.8 |
| 2023 | 35 | 369 | 19 | 34,464.2 | 96,658.1 |
| 2024.11 | 41 | 395 | 26 | 35,796.3 | 100,719.8 |
Status of the Domestic Listed REITs
* Unit : billion won * Reference : 2024년 11월말(AUM 연결기준)
NoC
Market Cap.
AUM
Annual Dividend Yields
* Reference : Q4, 2022
※ In 2007~2009, CR REITs were liquidaqted (reflecting real esate sales difference), and the average dividend t yields had reached a temporarily high. rate.
* Reference : Q4, 2022
| Year | CR REITs | EM REITs | Listed REITs | Average Yields |
|---|---|---|---|---|
| 2002 | 8.5 | 8.9 | 8.5 | |
| 2003 | 6.6 | 7.1 | 6.6 | |
| 2004 | 8.4 | 8.7 | 8.4 | |
| 2005 | 12.2 | 11.9 | 12.2 | |
| 2006 | 12.1 | 10.1 | 11.1 | 11.9 |
| 2007 | 49.0 | 7.4 | 70.3 | 40.4 |
| 2008 | 40.3 | 6.3 | 93.8 | 28.0 |
| 2009 | 40.0 | 7.2 | 71.7 | 26.1 |
| 2010 | 10.4 | 6.4 | 9.9 | 8.6 |
| 2011 | 9.9 | 6.4 | 6.0 | 8.3 |
| 2012 | 9.4 | 4.9 | 3.7 | 7.1 |
| 2013 | 16.2 | 4.2 | 7.0 | 9.2 |
| 2014 | 9.4 | 4.6 | 2.8 | 6.2 |
| 2015 | 10.1 | 7.3 | 7.1 | 8.1 |
| 2016 | 7.0 | 5.8 | 3.1 | 6.0 |
| 2017 | 10.6 | 2.7(4.1) | 4.4 | 4.1(7.6) |
| 2018 | 15.8 | 2.8(6.4) | 11.1 | 4.4(9.2) |
| 2019 | 15.8 | 3.2(8.1) | 7.7 | 4.2(9.5) |
| 2020 | 23.2 | 4.3(10.2) | 7.1 | 5.5(12.0) |
| 2021 | 39.1 | 4.9(10.3) | 7.7(5.2) | 6.2(12.6) |
| 2022 | 12.3 | 5.0(9.7) | 7.8(6.4) | 5.2(9.9) |
| 2023 | 9.7 | 3.9(7.1) | 7.4(7.6) | 4.0(7.2) |
※ The annaul average yields are equivalent to dividend yields (incluing liquidaqted REITs) as to average paid-in capital (equity capital + capital surplus)
※ Public interest Policy-typed REITs (public rental REITS, social priviate rental REITs ) suffer a fall in average yields by non-dividend, during the period of opeation. Thus, yields except policy REITs are reckoned separately in ( )
Portfolio & Dividends by Property Sector
* Reference : November, 2024
* Reference : November, 2024
| Classification | NoC | Asset Under Management | Market Share(%) |
|---|---|---|---|
| Office | 94 | 29,373.8 | 29.2% |
| Retail | 27 | 7,806.7 | 7.8% |
| Industrial | 42 | 7,272.7 | 7.2% |
| Hotel/Lodging | 7 | 731.8 | 0.7% |
| Residential | 194 |
47,606.1 | 47.3% |
| Diversified | 23 | 4,338.5 | 4.3% |
| Specialty | 8 | 3,587.3 | 3.6% |
| Total | 395 | 100,716.8 | 100.0% |
Performance by Property Location
Seoul
-
4,567.3
/ 4.4%CBD
Central Business District
-
5,657.9
/ 7.4%GBD
Gangnam Business District
-
1,873.1
/ 44.3%YBD
Yeouido Business District
-
4,919.7
/ 20.4%ETC
Except for Seoul
-
8,046.7
/ 6.2%Seoul
Metropolitan
Area -
2,113.4
/ 9.6%Regins
-
6,438.3
/ 5.8%Nationwide
Overseas
-
2,048.3
/ 6.2%
* Reference : Q3, 2021
| Classification | SM REITs | Seoul metropolitan | Regionl | Nationawide | Overseas | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| CBD | GBD | YBD | ETC | |||||||
| EM REITs | AUM | 4,351.8 |
5,094.1 |
1,762.1 |
2,885.0 |
6,499.4 |
1,564.9 |
6,395.0 |
1,630.4 |
30,182.7 |
| Yield | 3.9% |
6.0% |
5.5% |
1.9% |
10.8% |
6.5% |
7.8% |
3.0% |
6.6% |
|
| CR REITs | AUM | 220.2 |
546.1 |
76.4 |
1,236.9 |
691.7 |
391.8 |
- | - | 3,163.0 |
| Yield | 296.5% |
17.9% |
7.1% |
223.4% |
16.0% |
5.8% |
- | - | 115.5% |
|
| Sum/Avg. | AUM | 4,572.0 |
5,640.2 |
1,838.4 |
4,121.9 |
7,191.1 |
1,956.7 |
6,395.0 |
1,630.4 |
33,345.7 |
| Yield | 18.0% |
7.2% |
5.6% |
68.4% |
11.3% |
6.4% |
7.8% |
3.0% |
16.9% |
|
Asset Management Companies Report
* Reference : March, 2022
* Reference : March, 2022
| AMC | NoC | AUM | M/S |
|---|---|---|---|
| Korea Land & Housing Cprporation | 34 | 17,489.5 | 17.7% |
| Koramco Asset Management and Trust Co. | 43 | 16,319.8 | 16.6% |
| Daehan Real Estate Trust Co. | 49 | 9,659.0 | 9.8% |
| KB Real estate Trust Co. | 22 | 3,455.7 |
4.4% |
| Shinhan Real Estate Investment Trusts Co. | 14 | 3,117.1 |
4.0% |
| JR Investment Management Co. |
9 | 3,096.0 |
4.0% |
| Seoul Investment Management Co |
10 | 2,650.3 | 3.4% |
| Lotte AMC | 1 | 2,403.9 |
3.1% |
| DND Investment | 17 | 2,326.2 |
3.0% |
| SK AMC | 2 | 2,223.2 |
2.8% |
| Hana Asset Trust | 22 | 2,045.5 | 2.6% |
| Kendall Sqaure REITS Management |
3 | 1,982.2 |
2.5% |
| KOREIT(Korea Real Estate Invesmtment Trusts) | 12 | 1,888.6 |
2.4% |
| KAIT (Korea Asset Investment Trusts) | 12 | 1,495.3 |
1.9% |
| KT AMC |
10 | 1,474.5 |
1.9% |
| Kybo Asset Trust | 8 | 1,166.0 |
1.5% |
| IGIS Asset Management | 7 | 925.6 |
1.2% |
| Pacific Investment Management Company | 9 | 901.6 |
1.2% |
| NHREITs Management | 5 | 763.2 |
1.0% |
| IH | 3 | 709.1 | 0.9% |
| ARA Korea | 3 | 691.4 |
0.9% |
| Mirae Asset Management | 3 | 554.4 |
0.7% |
| HDC Asset Management |
3 | 522.4 |
0.7% |
| Mastern Investment Management | 7 | 439.4 |
0.6% |
| Darim AMC | 3 | 423.1 |
0.5% |
| KB Asset Management | 3 | 419.2 |
0.5% |
| HUG |
2 | 378.7 |
0.5% |
| KOREIT Investment Management | 2 | 376.4 |
0.5% |
| Hanla REITs Management | 1 | 143.7 | 0.2% |
| Together Investment Management | 2 | 135.2 | 0.2% |
| KRETs Investment Management | 3 | 111.0 | 0.1% |
| Inmark REITs Management | 1 | 49.5 | 0.1% |
| Daishin Asset Trust | 1 | 36.5 | 0.0% |
| AIM Investment Management |
1 | 32.7 | 0.0% |
| Wooriat | 1 | 0.3 | 0.0% |
| Intrus Investment Management | - | - | - |
| BNP | - | - | - |
| KTB Asset Management | (Approved on Jun. 22, 2020) | ||
| Hyundai Asset Management | (Approved on Oct. 29, 2020) | ||
| Samsung SRA Asset Management | (Approved on Nov. 17, 2020) | ||
| KITRIST(KOREA INVESTMENT REAL ESTATE TRUST. CO.) | (Approved on Feb. 26, 2021) | ||
| Hana Alternative Asset Management | (Approved on May. 12, 2021) | ||
| Capstone Asset Management | (Approved on Jul 15, 2021) |
||
| JB Asset Management | (Approved on Jul 29, 2021) | ||
| Kiwoom Asset Management | (Approved on Nov 24, 2021) | ||
| Heritage Capital Management | (Approved on Nov 30, 2021) | ||
| Mugunghwa Trust Co.LTD | (Approved on Dec 03, 2021) |
||
| Kukje Asset Management | (Approved on Dec 14, 2021) | ||
| Hanwha Asset Management | (Approved on Dec 30, 2021) | ||
| Hangang Asset | (Approved on Dec 30, 2021) |
||
| HanmiGlobal Asset Management | (Approved on Dec 30, 2021) |
||
| ADF Asset Management | (Approved on Jan 29, 2022) | ||
| Sub-Total | 321 | 77,722.3 | 99.3% |
| Self-Management REITs | 4 | 566.2 | 0.7% |
| Total | 325 | 78,288.5 | 100.0% |
AMC Status Approved AMC
* Reference : 2024년 9월말
| Year | Total AMC | New Approved AMC | Cancel/Withdrawal |
|---|---|---|---|
| 2002 | 4 | 4 | |
| 2003 | 6 | 2 | |
| 2004 | 6 | ||
| 2005 | 7 | 1 | |
| 2006 | 8 | 1 | |
| 2007 | 10 | 2 | |
| 2008 | 15 | 5 | |
| 2009 | 18 | 3 | |
| 2010 | 17 | 0 | 1 |
| 2011 | 21 | 5 | 1 |
| 2012 | 22 | 1 | |
| 2013 | 22 | 1 | 1 |
| 2014 | 21 | 1 | 2 |
| 2015 | 22 | 2 | 1 |
| 2016 | 25 | 4 | 1 |
| 2017 | 27 | 3 | 1 |
| 2018 | 29 | 5 | 3 |
| 2019 | 31 | 3 | 1 |
| 2020 | 36 | 6 | 1 |
| 2021 | 51 | 17 | 2 |
| 2022 | 56 | 5 | 0 |
| 2023 | 58 | 3 | 1 |
| 2024.9.30. | 63 | 8 | 3 |
※82 asset managemnt companies were approved and 19 companies were cancelled and withdrawn from being authorized. A total of 63 AMC are being managed
Korea Association of Real Estate Investment Trusts
6, Yeouidaebang-ro 65-gil, Yeongdeungpo-gu, Seoul, Republic of Korea(YeouidoDong, Center Building) 07333Business Registration Number : 211-82-17316 Date of Approval by Ministry of Land, Infrastructure, and Transport : 2010.12.30 Telephone : plan2@kareit.or.kr Fax : 02-544-6670
- Telephone 02-544-9862
- Membership Support Team 02-2135-9868
- REITs Policy Team 02-2135-9869
- REITs Education Team 02-2135-9863
- Financial Support Center 02-2135-9861
Copyright © 2009-2020 KOREA ASSOCIATION OF REAL ESTATE INVESTMENT TRUST. All rights reserved.
