Keppel Pacific Oak US REIT (KORE)

Broker's Calls

Keppel Pacific Oak US REIT remains a 'buy' on steady occupancies and healthy rental collections: DBS

DBS analysts Rachel Tan and Derek Tan are maintaining their “buy” calls on Keppel Pacific Oak US REIT (KORE) with a lowered target price of 85 US cents from 90 US cents previously.

Broker's Calls

Keppel Pacific Oak US REIT resilient enough to stand the test of Covid-19: RHB

KORE is kept at "buy" despite lower earnings forecasts.

Results

Keppel Pacific Oak US REIT beats IPO forecast by 27% with 4Q DPU of 1.51 US cents

SINGAPORE (Jan 21): Keppel Pacific Oak US REIT (KORE) reported a distribution per unit (DPU) of 1.51 US cents for 4Q19 ended December, some 26.9% higher than its forecasted DPU of 1.19 US cents. 

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On
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