Welcome!
Keppel Pacific Oak US REIT (KORE)
Results
Keppel Pacific Oak US REIT postpones FY2023 results a day before release
The manager was due to release the REIT’s results before the market opens on Jan 31.
January 30, 2024
Broker's Calls
RHB keeps ‘overweight’ call on S-REITs, retail sector impacted by rise in GST and inflationary pressures on tenants
Dominant theme and driver of S-REITs’ performance in 2024 to be US Fed’s rate cuts and messaging surrounding the size and timing.
January 23, 2024
Broker's Calls
UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred
CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.
January 04, 2024
Results
Keppel Pacific Oak US REIT reports 10.7% y-o-y lower adjusted distributable income of US$13.1 mil for 3QFY2023
The REIT’s gross revenue grew, but distributable income decreased due to higher financing costs from rising interest rates.
October 18, 2023
REITs
Keppel’s portfolio of REITs move to different beats, focusing on asset growth or stability
Keppel DC REIT plans asset growth as Keppel REIT focuses on stability of income and DPU
July 27, 2023
Broker's Calls
KORE's 1QFY2023 income down but analysts stay upbeat
KORE trades at a distribution yield of 13.8% and P/NAV of 0.45
April 19, 2023
Broker's Calls
'Rewards for the brave' who dare to bet on US office S-REITs now: DBS
“We believe that at 0.5x P/B, it is close to the bottom and awaiting a catalyst.”
March 31, 2023
REITs
US office REITs continue to face challenges
US REITs may continue to face challenges following declines in FY2022 and 2H2022 DPU.
February 10, 2023
Broker's Calls
Analysts praise Keppel Pacific Oak US REIT for stability in FY2022, headwinds priced in
“Operational numbers remained strong despite very challenging office market conditions.”
February 03, 2023
Results
KORE reports FY2022 adjusted DPU of 5.80 US cents, down 8.5% y-o-y
On a like-for-like basis, the DPUs for FY2022 and 2HFY2022 would have been 2.8% and 1.0% lower y-o-y. Here's why.
February 01, 2023