With Kore trading at attractive valuations, 10% discount to book value during an office upturn and high 8.3% yield, it remains one of DBS’s top picks in the S-REIT market.
SINGAPORE (Apr 17): DBS Group Research is maintaining its bullish stance on Keppel-KBS US REIT (Kore) on the stock’s positive outlook.
In particular, Kore has guided that it could achieve on average high single-digit rental reversions for leases due for renewal for the remainder of the year.
