Keppel Pacific Oak US REIT (KORE)

UOB Kay Hian sees KORE as beneficiary of heightened in-migration to magnet cities in unrated report - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian sees KORE as beneficiary of heightened in-migration to magnet cities in unrated report

KORE currently provides a distribution yield of 7.4% and yield spreads of 5.9% for the FY2021.
KORE remains 'on the right track' as US office leasing momentum improves: RHB - THE EDGE SINGAPORE

Broker's Calls

KORE remains 'on the right track' as US office leasing momentum improves: RHB

RHB has maintained its ‘buy’ rating for the REIT with an unchanged target price of 84 US cents.
KORE reports 3.6% higher distributable income of US$14.9 mil in 1Q2021 - THE EDGE SINGAPORE

Results

KORE reports 3.6% higher distributable income of US$14.9 mil in 1Q2021

Leasing activities were driven mainly by demand from professional services, finance and insurance, as well as tech in the 1Q.
DBS remains positive on US Office S-REITs on US recovery - THE EDGE SINGAPORE

Broker's Calls

DBS remains positive on US Office S-REITs on US recovery

The analysts have maintained “buy” on Manulife US REIT, Prime US REIT and Keppel Pacific Oak US REIT,
RHB maintains 'buy' on KORE with higher TP on better-than-expected DPU - THE EDGE SINGAPORE

Broker's Calls

RHB maintains 'buy' on KORE with higher TP on better-than-expected DPU

RHB has also increased its DPU estimates for FY2021 and FY2022 by 2-3%, factoring in higher rents and interest cost savings.
‘Buy’ Keppel Pacific Oak US REIT due to strong 3Q numbers and rental reversions: RHB - THE EDGE SINGAPORE

Broker's Calls

‘Buy’ Keppel Pacific Oak US REIT due to strong 3Q numbers and rental reversions: RHB

RHB Group Research’s Vijay Natarajan has maintained his “buy” rating and target price of 80 US cents on Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT posts 18.5% growth in 3Q distributable income to $14.7 mil - THE EDGE SINGAPORE

Results

Keppel Pacific Oak US REIT posts 18.5% growth in 3Q distributable income to $14.7 mil

Units in KORE closed flat at 70.5 US cents on Oct 21.

Broker's Calls

944 Brokers' Digest

Take a look at these three stocks this week: Raffles Medical Group, Keppel Pacific Oak US REIT (KORE) and OUE C REIT

Results

Keppel Pacific Oak US REIT's 2Q20 DPU increases 4% to 1.56 US cents

This brings KORE’s 1H20 DPU to 3.10 US cents, 3.3% higher than the 3.0 US cents reported a year ago.
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