The manager of Keppel Pacific Oak US REIT (KORE) says the REIT’s trustee, Perpetual (Asia) Limited, has secured a US$45 million ($59.29 million) loan facility.
The transaction is not expected to have a material impact on the net tangible assets or earnings per unit of KORE for the current financial year ending Dec 31.
For its 1HFY2024 ended June, the REIT reported a gross revenue and net property income (NPI) of US$74.4 million and US$42.0 million, respectively.
These figures are down 2.0% and 4.2% y-o-y from the US office REIT’s 1HFY2023 results.
Shares in Keppel Pacific Oak US REIT closed flat at 27 US cents on Oct 21.
