ESR Kendall Square REIT is a leading player in the logistics real estate market in South Korea, known for its strategic locations, diversified tenant base, and robust growth. Here are the essential insights for investors:
Unique Market Position:
ESR Kendall Square REIT is the only listed REIT in Korea that offers pure-play exposure to logistics, making it a unique investment vehicle in the South Korean market.
Portfolio Growth:
Since its IPO in December 2020, the REIT has expanded its portfolio from 10 assets to 18 modern logistics parks. This represents a CAGR of 19% in terms of gross floor area.
Tenant Diversity:
The REIT has a diversified tenant base, with significant exposure to the e-commerce and third-party logistics sectors. Its largest tenant, Coupang, occupies over 60% of the contracted GFA.
Strategic Locations:
The assets are predominantly located in the Greater Seoul and Greater Busan areas, close to key transportation hubs, ensuring high accessibility and demand.
