As at Dec 31, 2024, KORE had 1,044,450,254 units in issue, unchanged from the year before.
Keppel Pacific Oak US REIT (KORE) has reported a distributable income of US$47.6 million ($64.7 million) for the FY2024 ended Dec 31, 2024, 8.8% lower y-o-y. Distributable income for the 2HFY2024 also fell by 8.8% y-o-y to US$23.8 million. The lower distributable incomes for both periods were due to higher finance costs and lower cash net property income (NPI).
The REIT announced in February 2024 that it would suspend distributions as part of its recapitalisation plans. The distributions will be resumed in FY2026.
