Basic Profile & Key Statistics Keppel Pacific Oak US REIT (KORE) was listed on 9 Nov 2017. It was previously known as Keppel-KBS US REIT and subsequently renamed on 5 Sep 2019. KORE is a pure office REIT with properties in US and is traded in USD.
Lease Profile Occupancy is healthy at 94.3%. WALE is moderate at 4.1 years. From the latest presentation, 41.5% of the lease by rental income will be expiring in 2025 and beyond without breakdown, if we consider before 2025, then the highest lease expiry of 17.2% falls in the year 2023. All of its properties are freehold. 
Debt Profile Gearing ratio is slightly high at 37.4%. Cost of debt is high at 3.3%. Fixed debt rate is slightly high at 84.3% while 100% of debt is unsecured. Interest cover is high 4.4 times. WADE is short at 2.5 years,