Sk Reit Co. Ltd. · KRX:395400
Sk Reit — Korea REITs Association Investor Conference (November 2025)
30 slides from Sk Reit's conference presentation, November 2025
Slide 1: SK REIT IR Presentation Nov. 2025
Korea REITs Association Investor Conference SK REIT | IR Presentation | Nov. 2025
Slide 2: Transaction Terms / Lease Terms
Transaction Terms Lease Terms
Slide 3: Quarterly Dividends
Quarterly Dividends KRW 4.9T KRW 1.5T AA- MAR/JUN/SEP/DEC 29.7% 0.0% 41.5% 4.6년 115 7.6% 10.3년 5.07 % (Note 1) Vacancy rate includes Jongno Tower retail area, while WALE excludes Jongno Tower retail area. (Note 2) Dividend yield based as of Oct. 31, 2025, closing price of KRW 5,290.
Slide 4: SK REIT share price and dividends
5,400 820 5,200 800 5,000 780 4,800 760 4,600 740 4,400 720 4,200 700 4,000 680 SK리츠 KRX리츠TOP10 25.1Q 25.2Q 25.3Q 25.4Q 사업계획 실제배당
Slide 5: Rental income growth
+31.1% +24.1% +24.3% +9.9% +5.9% +7.5% Rental income is based on 2025 figures; rental income from SK-P Tower is based on projected 2026 figures.
Slide 6: Investment Structure
IR Presentation, Nov. 2025 03 Investment Structure Dp SK reit SK REIT holds its properties under a sub-REIT structure, tailored to asset characteristics. Each asset is fully and long-term leased to SK Group and its affiliates, ensuring stability. sk ec. 100% Leased 100% Leased SK ‘telecom SR tenet 1
Slide 7: Asset revaluation and financing
재평가 前 재평가 後 제3자 유증 재평가 前 재평가 後 제3자 유증 차입 차입 상환 상환
Slide 8: Debt maturity profile
2025 KRW 114 Bn (4.1%) KRW 876 Bn 3.21% 2026 (31.3%) KRW 1,180 Bn 2027 (42.2%) KRW 639 Bn 2028 (22.4%) (Note 1) After asset revaluation and the third-party capital increase.
Slide 9: Gas Station Divestment
IR Presentation, Nov. 2025 03 Gas Station Divestment e Dp SK reit Distributed KRW 1.4B special dividend from sale of 3 gas stations in 1H25. Expanding divestment pipeline in 2H25 to sustain growth through capital recycling. History 2024 Sep 30 2025 Gangwon Inchei 10 9 nggi 28 Chungcheong @ — Gyeongs
Slide 10: Acquisition Schedule
• • • • • • • • Acquisition Schedule EGM approval and Closing SPA / Lease agreement execution
Slide 11: Acquisition financing plan
Pangyo / Bundang Price per py KRW 216.4 billion (LTV 60%) Floating rate (3-month CD + 90bp) 3 years (Note 1) Details of the financing plan are subject to change.
Slide 12: Stacking Plan
Stacking Plan SKT, SKP SKT Tenant SKT SKP Nexon Total Leased 8,858py 4,674py 1,496py 15,028py Area SKP Area Share 59% 31% 10% 100% Lease 5 years 5 years 5 years Term Right of Option - - First Auditorium, Refusal Daycare Center Parking
Slide 13: Office assets to account for approximately 61% of the portfolio
Office assets to account for approximately 61% of the portfolio KRW 5.3T KRW 4.9T Office share within portfolio Group-affiliated share within office assets
Slide 14: Appendix
she SK Seorin Ay Appendix 01 SK REIT History 02 Debt Overview 03 Asset Summary 04 Leasing Summary 05 Asset Details 06 Balance Sheet 07 Income Statement 08 REIT Glossary \ \\ aN ANWANY \\ \\ NN NUNN NEE NERNEY \ \\ \\ \
Slide 15: SK REIT History
Dp IR Presentation, Nov, 2025 SK reit 01 SK REIT History e SK REIT has grown into Korea's leading diversified REIT, holding the highest and only AA- rated credit among domestic K-REITs, and a leader in both AUM and Market Cap G July 2021 ) G May 2022 D) < Oct 2022 ) G Sep 2023 +) Dec 2024 SK Seorin,
Slide 16: Debt Overview
(Note 1)As of Nov. 26, a mortgage loan of KRW 216.4 billion for SK-P Tower was fully drawn (3-month CD rate + 90bp). (Note 2)As of Nov. 25, short-term debt of KRW 150.0 billion was fully drawn for the acquisition of SK-P Tower.
Slide 17: Leasing Summary
Gross floor area (py) occupancy rate 50,000 100% 40,000 80% 30,000 60% 20,000 40% 10,000 20% 50,000 32% - 0% 25% 40,000 서린빌딩 주유소 U타워 종로타워 수처리 C타워 20% 30,000 17% 연면적 임대율 20,000 10,000 1% 2% 4% - 2025 2026 2027 2028 2029 2030 2031 2032 2033 60,000 32% 40,000 23% 18% 17% 20,000 6% 1% 1% 2% - 25 26 27 2
Slide 18: Master Lease + Triple Net
As of 2026 As of 2026 As of 2026 • Master Lease + Triple Net
Slide 19: Asset Summary: Seorin Building
IR Presentation, Nov. 2025 05 Asset Summary e Located in the prime CBD office area, Seorin Building serves as SK Group's integrated office space. Seorin Building Station ity Hall Station Gwanghwamun B [seorn uicing} Jongno 3-ga Station Jonggak Station )~ Euljiro 3-ga Station reit SK group's integrat
Slide 20: Asset Summary: SK U-Tower
IR Presentation, Nov, 2025 SK reit 05 Asset Summary e Located in the Bundang business district, U Tower serves as the head office of SK Hynix and is an asset expected to increase in value along with the Pangyo area. SK U- Tower Bundang office building of SK Hynix, a global semiconductor company @ SK
Slide 21: Asset Summary: Jongno Tower
Wp IR Presentation, Nov. 2025 SK "reit 05 Asset Summary e A landmark office in the CBD, serves as the SK Green Campus office building, housing six of SK Group's eco-friendly companies. Jongno Tower SK green campus office building Gwanghwamun Station Jongno Tower jongno 3-ga Station GHouses six of SK
Slide 22: Asset Summary: SK-C Tower
IR Presentation, Nov, 2025 SK reit 05 Asset Summary e SK-C Tower: Newly renovated 6,546py office space for SKC, SK C&C, and TMAP SK-C Tower rs) Strategic Location & Facilities »(Euljiro 5-) © An on-site cafeteria and ga Station) fitness center are planned for tenant convenience eset -agannuccusat Eu
Slide 23: Asset Summary: SK-P Tower
Dp IR Presentation, Nov, 2025 SK reit 05 Asset Summary e SK REIT plans to acquire SK-P Tower, a prime office asset in the core of Pangyo Techno Valley Phase 1, currently occupied by SK Telecom and SK Planet. SK-P Tower O SKT, SKP Pangyo ose Headquarters © 90% leased to creditworthy SK Group affiliat
Slide 24: Asset Summary: Gas stations
IR Presentation, Nov. 2025 05 Asset Summary e reit SK Energy gas stations are strategically located in high-traffic, well-connected areas nationwide. Gas station @ SK Energy's key gas stations, operated by Korea's No.1 oil refining company, with 67% of locations concentrated in the Seoul/metropolita
Slide 25: Asset details
JC IC IC IC JC IC IC JC JC IC +5.9%
Slide 26: Balance Sheet
IR Presentation, Nov. 2025 ID 0s BS e Consolidated BS (Unit: KRW 100M) Non-Consolidated BS Dp SK reit (Unit: KRW 100M) FY18 FY17 FY16 Category 2025-09-30 2025-06-30 2025-03-31 Total Assets 50,624 50,985 50,388 Current Assets 1,363 1,750 999 Non-Current Assets 49,260 49,234 49,388 Total Liabilities 3
Slide 27: Income Statement
Dp IR Presentation, Nov. 2025 SK reit 07 PL e Consolidated PL (Unit: KRW 100M) Non-Consolidated PL (Unit: KRW 100M) FY18 FY17 FY16 FY18 FY17 FY16 Category 2025-07-01 2025-04-01 2025-01-01 Category 2025-07-01 2025-04-01 2025-01-01 ~2025-09-30 ~2025-06-30 ~2025-03-31 ~2025-09-30___~2025-06-30__~2025-0
Slide 28: REIT Glossary
• • • • • • • − • • • • • • • • • • • • • • • − • • • • •
Slide 29: Disclaimer
DISCLAIMER + This presentation contains forward-looking statements with respect to the financial condition, results of operations, and business of SK REIT (the “Company’) and its subsidiaries, as well as plans and objectives of the management of the Company. The forward looking statements are subjec
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SK REIT — Korea REITs Association Investor Conference (November 2025) on 6ix