RHB has also increased its DPU estimates for FY2021 and FY2022 by 2-3%, factoring in higher rents and interest cost savings.
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RHB Group Research analyst Vijay Natarajan has maintained “buy” on Keppel Pacific Oak US REIT (KORE) with a higher target price (TP) of 84 US cents ($1.11) from 80 US cents previously, on a better-than-expected distribution per unit (DPU) for the FY2020.
KORE, on Jan 27, reported DPU of 6.23 US cents in FY2020, up 3.7% y-o-y.
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