Home Capital Results

KORE reports 1HFY2022 DPU of 3.02 US cents, down 4.4%

Felicia Tan
Felicia Tan7/27/2022 05:48 PM GMT+08  • 4 min read
KORE reports 1HFY2022 DPU of 3.02 US cents, down 4.4%
As at June 30, KORE has 15 office properties measuring some US$1.48 billion in value. Photo: KORE
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Keppel Pacific Oak US REIT (KORE) has reported a distribution per unit (DPU) of 1.43 US cents (1.98 cents) for the 2QFY2022 ended June, 9.5% y-o-y lower than the DPU of 1.58 US cents in the same period the year before.

The quarter’s DPU brings KORE’s 1HFY2022 DPU to 3.02 US cents, which also fell by 4.4% y-o-y from the DPU of 3.16 US cents in the 1HFY2021.

On a like-for-like basis, KORE’s adjusted DPU increased by 0.7% y-o-y each for both the 2QFY2022 and 1HFY2022. The adjusted DPU accounted for the REIT manager’s decision to receive 100% of its base fee for the 2QFY2022 in cash as opposed to units like the year before.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.