Keppel Pacific Oak US REIT posts 18.5% growth in 3Q distributable income to $14.7 mil

Keppel Pacific Oak US REIT (KORE) announced 3QFY2020 income available for distribution of $14.7 million, 18.5% higher than the $12.4 million posted in 3QFY2019.

Gross revenue for the quarter rose 13.5% y-o-y to $34.5 million while net property income (NPI) grew 10.8% y-o-y to $20.5 million, due to contribution from One Twenty Five in Dallas, Texas.