Korea Asset In Trust Co., Ltd.'s management explains the business in its own materials. The slides below do the most of that work, pulled from the documents preserved in Sources. Each source link opens the complete presentation at that slide in a new tab.
The current edition of KAIT's only investor deck: trust and REIT operations, the earnings decline, and where it sits inside MDM group. · Open the full document →
p. 3 — One-page P&L for 1Q26 against last year and last quarter, with 2021-2025 revenue, operating income, ROE and payout history below. · Open the full presentation →p. 5 — Contracted trust and REIT fees by trust type, plus loan-type land trust contract count, project cost and loans outstanding. · Open the full presentation →p. 6 — How a redevelopment trust mandate runs from district designation to completion, and the 19,800-household pipeline behind it. · Open the full presentation →p. 7 — The REIT book fund by fund: asset, location, approval year, ₩5.1tn of AUM and the AMC fee it has produced since 2014. · Open the full presentation →p. 9 — Revenue split into land trust fees, non-land trust, interest and subsidiary income — the shift from fees to interest is visible here. · Open the full presentation →p. 10 — The cost side: interest expense, credit losses and depreciation against a falling SG&A-to-revenue ratio. · Open the full presentation →p. 11 — Operating margin down from 63% in 2022 to 17% in 2025, with ROA and ROE alongside — the earnings decline in one page. · Open the full presentation →p. 12 — Asset quality: the substandard-and-below stack, allowance coverage ratios, and the classification table behind them. · Open the full presentation →p. 13 — Korea Asset Investment Capital, the lending subsidiary, in summary balance sheet and P&L — a real share of group profit. · Open the full presentation →p. 15 — MDM group's timeline: how a 1998 developer assembled a trust company, a capital arm and an asset manager. · Open the full presentation →p. 16 — The vertical-integration argument — what each MDM affiliate does and where KAIT sits between development and finance. · Open the full presentation →p. 17 — MDM group's assets, equity and revenue by affiliate, split into the development and financial-service sectors. · Open the full presentation →p. 18 — Consolidated balance sheet and income statement for 2023-2026 on a single page. · Open the full presentation →
The one long-form edition of the deck, carrying market history, land-trust project economics and demand drivers that later editions dropped. · Open the full document →
p. 5 — The market backdrop management was reacting to, and a flow diagram of how MDM affiliates feed and finance a KAIT trust mandate. · Open the full presentation →p. 6 — Loan-type land trust economics: contracts, fees, project cost, and the equity and borrowing needed to fund trust-account loans. · Open the full presentation →p. 7 — The land-trust book by asset type and region, split between projects still selling and those completed, with unsold amounts. · Open the full presentation →p. 17 — Korea's real estate trust industry since 1991 — licence rounds, the products each rule change opened up, and market size. · Open the full presentation →p. 18 — Demand drivers: construction investment vs GDP, housing permits and unsold units, and the ageing apartment stock feeding reconstruction. · Open the full presentation →
Earnings Release for 2025 — FY2025 · 20 pages · Full-year 2025 results on the same template — the annual figures sitting behind the current quarterly deck. · Open →
Earnings Release for 2024 — FY2024 · 20 pages · Full-year 2024, the year operating income more than halved and credit costs took over the story. · Open →
Earnings Release for 2023 — FY2023 · 20 pages · Full-year 2023, the last year of ₩100bn+ net income — the pre-downturn baseline this business used to earn. · Open →
