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Keppel Pacific Oak US REIT (KORE)
Broker's Calls
‘Long-suffering’ US office S-REITs beckon with ‘overwhelmingly attractive valuations’: UOBKH
Maintain “buy” on Prime US REIT and Keppel Pacific Oak US REIT, says UOB Kay Hian Research analyst Jonathan Koh. Manulife US REIT, however, is absent from the Jan 13 report.
4 days ago
Company in the news
Briefs: Keppel REIT, Mapletree Logistics Trust report results, CapitaLand Ascott Trust divests Tianjin property
Plus, Great Eastern to have until January to comply with free float rule, HSBC reorganises and Goldman Sachs says decade of S&P 500 gains is over.
October 23, 2024
Results
KORE’s 3QFY2024 distributable income down by 8.8% y-o-y due to lower NPI and higher financing costs
As at 10.54am, units in KORE are trading 0.5 US cents lower or 1.89% down at 26 US cents.
October 23, 2024
REIT Watch
KORE refinances and extends loan facilities but distributions remain suspended
At its 1HFY2024 results briefing, the REIT manager’s distribution plans have remained unchanged.
August 15, 2024
REITs
Banks and REITs will have to accept that 35% leverage is not ‘viable’ going forward: KORE’s CFO
On Aug 1, DBS Group Research analysts Derek Tan and Dale Lai upgraded their call on KORE to “hold” from “fully valued”.
August 12, 2024
Broker's Calls
Occupancy improvements, early refinancing have ‘substantially de-risked’ KORE’s profile: RHB
“KORE’s share price has staged a good recovery recently, and we see some near-term volatility before the next leg of recovery.”
August 01, 2024
Results
Keppel Pacific Oak US REIT’s gross revenue, NPI fall in 1HFY2024 while distributions remain suspended
Distributions to unitholders are slated to be suspended until Dec 31, 2025.
July 31, 2024
REITs
Time to return to office could impact US, Australian and Singapore REITs
As America returns to work (RTTO), US S-REITs stresses may start to alleviate
June 05, 2024
Results
KORE’s 1QFY2024 distributable income 8.8% lower at US$11.9 mil mainly from higher financing costs
KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.
April 17, 2024
REIT Watch
Tenant improvements sink US office S-REITs but the trough is nigh
In Singapore, tenants usually pay for renovations of their office property. In the US, the landlord pays.
April 04, 2024