Keppel Pacific Oak REIT (KORE)

Broker's Calls

RHB lowers KORE’s TP further to 48 US cents due to higher equity risk premium

KORE’s results for the 3QFY2023 ended Sept 30 stood “slightly above” RHB's expectations.
KORE’s operational performance held up well against market challenges, analysts maintain ‘buy’ - THE EDGE SINGAPORE

Broker's Calls

KORE’s operational performance held up well against market challenges, analysts maintain ‘buy’

Keppel Pacific Oak US REIT (KORE) has largely kept in line with analysts expectations, holding up well against market challenges.
KORE reports 2QFY2023 DPU of 1.25 cents, down 12.6% y-o-y, due to higher financing costs - THE EDGE SINGAPORE

Results

KORE reports 2QFY2023 DPU of 1.25 cents, down 12.6% y-o-y, due to higher financing costs

The divestments of Northridge Center and Powers Ferry as well as the impact of management fees in cash also led to the DPU drop.

REITs

KORE completes divestment of Powers Ferry in Atlanta for US$16.1 mil

Following the transaction costs and the manager’s divestment fees, the REIT has netted a divestment price of US$15.4 million.

Broker's Calls

Brokers' Digest: KORE, SIA, CDLHT, Netlink NBN Trust, Digital Core REIT

Here's what the analysts have to say this week.
KORE’s 3QFY2022 results relatively stable, analysts keep 'buy' with lower TPs - THE EDGE SINGAPORE

Broker's Calls

KORE’s 3QFY2022 results relatively stable, analysts keep 'buy' with lower TPs

KORE’s strong quarter of operational numbers has defied broader market expectations

Results

KORE reports 2.1% growth y-o-y in distributable income in 3QFY2022

For 9MFY2022, adjusted distributable income stood at US$46.2 million, up 8% y-o-y.
Rich pickings among US-REITs: UOBKH - THE EDGE SINGAPORE

Broker's Calls

Rich pickings among SGX-listed US REITs: UOBKH

UOB Kay Hian: "Bargains have emerged with US office REITs."
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