Headline DPU declined mainly due to switching off entire management fees in cash, from all units previously, observes Natarajan.
RHB Group Research analyst Vijay Natarajan has kept a “buy” rating on Keppel Pacific Oak US REIT (KORE) with a lowered target price to US 87 cents ($1.20) from US 92 cents.
KORE’s operational numbers in 2QFY2022 ending December were in line with the analyst’s expectations.
