Keppel-KBS US REIT

SINGAPORE (Sept 9): Fresh from its change in name as it enters into a new outsourcing management agreement, Keppel Pacific Oak US REIT, formerly known as Keppel-KBS US REIT, is expanding into another key growth market in the US.

SINGAPORE (Apr 4): Singapore REITs (S-REITs) have a seen net institutional inflows of $82.7 million, $42.7 million and $114.2 million for the respective first three months of 2019, according to recent SGX data for 1Q19.

SINGAPORE (Jan 28): DBS Vickers Securities is maintaining its “buy” call on Keppel-KBS US REIT (KORE), with a higher target price of 80 US cents from 78 US cents previously to adjust for lower-than-expected debt balance at end-FY18.

SINGAPORE (Nov 27): Keppel-KBS US REIT's newly established wholly-owned subsidiary, KORE Maitland Promenade I, will be acquiring the Maitland Promenade I for US$48.5 million ($66.7 million).

SINGAPORE (Oct 17) The manager of Keppel-KBS US REIT has declared a 3Q18 DPU of 1.50 US cents. This is 0.7% higher than the forecast 1.49 US cents, driven by strong leasing, positive rental reversion and lower property expenses.

SINGAPORE (Sept 25): DBS is maintaining its “buy” call on Keppel-KBS US REIT with a target price of 95 US cents.

SINGAPORE (Sept 24): The manager of Keppel-KBS US REIT is acquiring 21 buildings in a US suburban business campus for a consideration of US$169.4 million ($231.4 million).

SINGAPORE (July 26): KBS Realty Advisors, a US-based commercial property owner, is considering its second real estate investment trust listing in Singapore, people with knowledge of the matter said.

SINGAPORE (July 17): Keppel-KBS US REIT announced 2Q18 ended June DPU came in at 1.50 US cents (2.04 cents), 0.7% higher than its initial public offering (IPO) forecast of 1.49 US cents.

SINGAPORE (Apr 17): The manager of Keppel-KBS US REIT has announced a maiden 1Q distribution per unit (DPU) of 2.32 US cents for period of its listing date on Nov 9 2017 to end March this year, exceeding the IPO forecast of 2.31 US cents by 0.4%.