Keppel Pacific Oak US REIT’s (KORE) income available for distribution rose 8.4% y-o-y to US$15.9 million in 3Q2021 ended September 30.
This was driven by the acquisitions of Bridge Crossing in Nashville and 105 Edgeview in August, as well as stronger performance from its existing portfolio, according to a stock exchange filing.
KORE’s gross revenue for 3Q2021 is 4.5% higher y-o-y at US$36 million, while net property income increased 5.6% y-o-y to US$21.7 million.
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