SINGAPORE (July 22): The manager of Keppel Pacific Oak US REIT (KORE) reported a distribution per unit (DPU) of 1.56 US cents for 2Q20 ended June, some 4.0% higher than its DPU of 1.50 cents in 2Q19.

This brings KORE’s 1H20 DPU to 3.10 US cents, 3.3% higher than the 3.0 US cents reported a year ago.

Gross revenue for the quarter registered a 20% y-o-y increase to US$35.2 million ($48.8 million), while gross revenue for the half year saw a 20.1% y-o-y increase to US$70.5 million.

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