Net property income, on the other hand, increased 1.4% y-o-y on the back of better performance from KORE’s existing properties despite the divestment of two Atlanta assets in 2HFY2022.
Analysts at RHB Bank Singapore and UOB Kay Hian are keeping “buy” on Keppel Pacific Oak US REIT (KORE) (SGX:CMOU
) following 1HFY2023 ended June results, which were largely in line with expectations.
For 1HFY2023, KORE’s adjusted distribution per unit (DPU) declined 12.6% y-o-y mainly from higher interest costs, while DPU fell by 17.2% y-o-y as management fees were fully paid in cash.
