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Analysts like Keppel Pacific Oak US REIT for steady performance

Felicia Tan
Felicia Tan2/7/2022 06:18 PM GMT+08  • 4 min read
Analysts like Keppel Pacific Oak US REIT for steady performance
RHB has upped its target price to 92 US cents, while DBS has kept its target price at 85 US cents.
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Analysts from DBS Group Research and RHB Group Research are keeping “buy” on Keppel Pacific Oak US REIT (KORE) after the REIT saw distribution per unit (DPU) for the FY2021 ended December grow by 1.8% y-o-y to 6.34 US cents (8.53 cents).

DPU for the 4QFY2021 also increased by 2.6% y-o-y to 1.60 US cents.

The higher DPUs were due to the REIT’s newly-acquired assets in the 2HFY2021, and are in line with the estimates by DBS analysts, Rachel Tan, Geraldine Wong, Dale Lai and Derek Tan.

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