DBS analysts Derek Tan and Dale Lai have upped their target price to 28 US cents (38 cents) as they see “green shoots emerging” with stronger leasing velocity and rising occupancy rates. The new target price is due to a higher P/B peg of 0.4 times.
Analysts from DBS Group Research and UOB Kay Hian have increased their target prices on Keppel Pacific Oak US REIT (KORE) while keeping their respective “hold” and “buy” calls.
For the FY2024 ended Dec 31, 2024, KORE’s distributable income fell by 8.8% y-o-y to US$47.6 million ($64.3 million).
