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Keppel Pacific Oak US REIT (KORE)
Broker's Calls
Brokers' Digest: Marco Polo Marine, UMS Holdings, Frencken Group, Far East Hospitality Trust, Keppel Pacific Oak US REIT
See what the analysts have to say this week.
February 25, 2024
Results
KORE's manager expands on rationale to suspend distributions, answers awkward questions during briefing
KORE's manager explains decision to suspend distributions, assures no EFR needed for capex in 2024 and 2025.
February 15, 2024
Results
KORE to suspend distributions as part of recapitalisation plan following disconnect between valuation and market price
KORE announced it will suspend distributions till end-2025 to reinvest monies to upkeep buildings
February 15, 2024
Results
Keppel Pacific Oak US REIT postpones FY2023 results a day before release
The manager was due to release the REIT’s results before the market opens on Jan 31.
January 30, 2024
Broker's Calls
RHB keeps ‘overweight’ call on S-REITs, retail sector impacted by rise in GST and inflationary pressures on tenants
Dominant theme and driver of S-REITs’ performance in 2024 to be US Fed’s rate cuts and messaging surrounding the size and timing.
January 23, 2024
Broker's Calls
UOB Kay Hian keeps ‘overweight’ rating on ‘defensive’ S-REITs; blue chip S-REITs preferred
CDLHT, CLAS, KORE, KREIT, LREIT and MINT were named as top picks.
January 04, 2024
Results
Keppel Pacific Oak US REIT reports 10.7% y-o-y lower adjusted distributable income of US$13.1 mil for 3QFY2023
The REIT’s gross revenue grew, but distributable income decreased due to higher financing costs from rising interest rates.
October 18, 2023
REITs
Keppel’s portfolio of REITs move to different beats, focusing on asset growth or stability
Keppel DC REIT plans asset growth as Keppel REIT focuses on stability of income and DPU
July 27, 2023
Broker's Calls
KORE's 1QFY2023 income down but analysts stay upbeat
KORE trades at a distribution yield of 13.8% and P/NAV of 0.45
April 19, 2023
Broker's Calls
'Rewards for the brave' who dare to bet on US office S-REITs now: DBS
“We believe that at 0.5x P/B, it is close to the bottom and awaiting a catalyst.”
March 31, 2023