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Keppel Pacific Oak US REIT (KORE)
REITs
Keppel’s portfolio of REITs move to different beats, focusing on asset growth or stability
Keppel DC REIT plans asset growth as Keppel REIT focuses on stability of income and DPU
July 27, 2023
Broker's Calls
KORE's 1QFY2023 income down but analysts stay upbeat
KORE trades at a distribution yield of 13.8% and P/NAV of 0.45
April 19, 2023
Broker's Calls
'Rewards for the brave' who dare to bet on US office S-REITs now: DBS
“We believe that at 0.5x P/B, it is close to the bottom and awaiting a catalyst.”
March 31, 2023
REITs
US office REITs continue to face challenges
US REITs may continue to face challenges following declines in FY2022 and 2H2022 DPU.
February 10, 2023
Broker's Calls
Analysts praise Keppel Pacific Oak US REIT for stability in FY2022, headwinds priced in
“Operational numbers remained strong despite very challenging office market conditions.”
February 03, 2023
Results
KORE reports FY2022 adjusted DPU of 5.80 US cents, down 8.5% y-o-y
On a like-for-like basis, the DPUs for FY2022 and 2HFY2022 would have been 2.8% and 1.0% lower y-o-y. Here's why.
February 01, 2023
Broker's Calls
RHB remains 'overweight' on US office REITs despite drop in unit prices
Analyst Vijay Natarajan remains positive on the sector as recessionary fears in the US could force workers back to the office.
September 30, 2022
REITs
KORE divests Northridge Center I & II in Atlanta for US$22.1 mil
The consideration was satisfied in cash and is 16.9% above its last independent valuation as at Dec 31, 2021.
July 28, 2022
Results
KORE reports 1HFY2022 DPU of 3.02 US cents, down 4.4%
On a like-for-like basis, KORE’s adjusted DPU increased by 0.7% y-o-y for the 2QFY2022 and 1HFY2022.
July 27, 2022
kopi-C: the Company brew
KORE: Driving sustainability and unlocking value
The REIT will continue to seek high-quality and value-accretive acquisitions across the US,
June 01, 2022