Keppel Pacific Oak US REIT (KORE)

Results

Keppel Pacific Oak US REIT posts 1.8% increase in FY2021 DPU to 6.34 US cents

Keppel Pacific Oak US REIT posts 1.8% increase in FY2021 DPU to 6.34 US cents

Broker's Calls

Broker's Digest: CICT, KORE, SPH, MNACT, Japfa, Far East Hospitality Trust

See the analysts' recommendations and target prices here.
KORE’s 3Q21 in line with expectations, portfolio occupancy likely to have bottomed out: analysts - THE EDGE SINGAPORE

Broker's Calls

KORE’s 3Q21 in line with expectations, portfolio occupancy likely to have bottomed out: analysts

KORE’s portfolio occupancy improved 1.3 percentage points q-o-q to 91.8% in 3Q21.
KORE’s 3Q2021 income available for distribution rose 8.4% y-o-y  - THE EDGE SINGAPORE

Results

KORE’s 3Q2021 income available for distribution rose 8.4% y-o-y

For the first nine months of 2021, KORE’s income available for distribution increased 4.7% y-o-y to US$45.9.
RHB maintains 'buy' on KORE on the back of US office recovery  - THE EDGE SINGAPORE

Broker's Calls

RHB maintains 'buy' on KORE on the back of US office recovery

RHB Group Research’s Vijay Natarajan has maintained his “buy” rating on KORE with a target price of 90 US cents.
Keppel Pacific Oak US REIT, ESR-REIT and Prime US REIT to join FTSE EPRA Nareit Global Index - THE EDGE SINGAPORE

REITs

Keppel Pacific Oak US REIT, ESR-REIT and Prime US REIT to join FTSE EPRA Nareit Global Developed Index

The REITs will be included in the index with effect from Sep 20.
UOB Kay Hian initiates 'buy' on KORE with TP of US$1.10 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian initiates 'buy' on KORE with TP of US$1.10

The brokerage sees the REIT being a beneficiary of the in-migration and growth at magnet cities in the US.
RHB raises TP for Keppel Pacific Oak US REIT to 90 US cents following 'solid' 1H21 results - THE EDGE SINGAPORE

Broker's Calls

RHB raises TP for Keppel Pacific Oak US REIT to 90 US cents following 'solid' 1H21 results

RHB sees KORE poised for recovery, with office leasing momentum expected to increase ahead of workers' return to offices in 4Q.
KORE to acquire Nashville and Denver assets for US$105.1 mil, launches private placement to raise US$65 mil - THE EDGE SINGAPORE

REITs

KORE to acquire Nashville and Denver assets for US$105.1 mil, launches private placement to raise US$65 mil

The DPU accretive acquisitions are expected to be completed in 3Q2021.
KORE’s 2Q DPU rises 1.3% y-o-y to 1.58 US cents - THE EDGE SINGAPORE

Results

KORE’s 2Q DPU rises 1.3% y-o-y to 1.58 US cents

The REIT says it continued to achieve positive rental reversion of 5.4% in 1HFY2021.
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