For 9MFY2023, adjusted distributable income stood at US$39.2 million, down 15.2% y-o-y from $46.2 million in the same period a year ago.
The manager of Keppel Pacific Oak US REIT (KORE) has reported a lower adjusted distributable income of US$13.1 million ($17.93 million) for 3QFY2023 ended Sept 30, down 10.7% y-o-y.
This is due to higher financing costs as a result of rising interest rates, says the REIT.
