No. of total shares issued
About ESR KS REIT
About ESR KS REIT
First Pure Play Logistics REIT
ESR KendallSquare REIT is Korea’s first pure-play logistics REIT first listed on Korea Exchange in December 2020.
As the leading logistics REIT in South Korea, it has continuously innovated and leads the industry with abundant experience and expertise in logistics center development and operations as well as the size of our assets under management. By continuously acquiring assets and exploring new opportunities for growth, it is committed to maximizing the returns for its investors.
|ESR Kendall Square REIT Co., Ltd.
|Date of Establishment
|February 20, 2020
|35F Three IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, Korea
|ESR Kendall Square Co., Ltd.
|Asset management company
|Kendall Square REIT Management Inc. (a wholly-owned subsidiary of the sponsor)
|Dividend payout term
|Every six month (Fiscal year ends twice a year, at the end of May and November)
The shareholder composition is as follows: CPP Investments that invests the assets of the Canada Pension Plan is the largest shareholder, holding a 24.85% stake as of the end of May 2023. CPP Investments is a wholly owned subsidiary of the Canada Pension Fund. More than 10% of the shares are also held by the sponsor, ESR KendallSquare, and its affiliates. Through the sponsor, we receive ongoing access to high-quality assets and are in charge of maintaining them.
(As of May. 31, 2023)
ESR KendallSquare REIT is sponsored by ESR KendallSquare, a leading logistics real estate company under APAC’s largest real estate asset manager, ESR Group. This structure gives ESR KendallSquare REIT an advantage in acquiring high-quality new assets. In addition, ESR KendallSquare REIT is uniquely focused on developing its portfolio of domestic logistics centers, which sets it apart as one of the exceptional REITs in South Korea that focuses on this specific sector.