In his report dated Oct 25, the analyst notes KORE’s 3QFY2024 distributable income of US$11.9 million, while down by 8.8% y-o-y, remained broadly in line with his expectations.
UOB Kay Hian (UOBKH) analyst Jonathan Koh has maintained his “buy” call on Keppel Pacific Oak US REIT (KORE) as he sees a “gradual and steady recovery” as well as stable occupancy in the REIT’s 3QFY2024 ended Sept 30 update.
That said, he has downgraded the REIT’s target price to 38 US cents (50 cents) from 39 US cents previously.
