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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
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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.

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