Homeplus has been accused of a ‘double standard’ for paying rent to its logistics centers but not to real estate funds and Real Estate Investment Trusts (REITs) for its stores. This has led to ‘double’ damage for investors in funds and REITs related to Homeplus, as they face uncertainty in rental income and gains from sales. Homeplus argues that the ‘logistics center rent’ was classified as a ‘trade receivable’ in the accounting books, and was prepaid before a ‘corporate rehabilitation situation’ occurred.
Original Article: Read More
Auto-posted at: 2025-04-04 21:01:24