Basic Profile & Key Statistics Keppel Pacific Oak US REIT (KORE) is a pure office REIT that owns 13 properties in U.S. KORE is traded in USD.
Quarter Performance Review Gross revenue and net property increased by 13.5% YoY and 10.8% YoY respectively. The increase is mainly due to the acquisition of One Twenty Five property in Nov 2019. However, income available for distribution increased higher by 18.5% YoY, this indicates that KORE manages its expenses better than last year in the same quarter. Assuming US$ 14.7 mils to be fully distributed, DPU would be 1.56 cents, increased by 4% YoY from 1.5 cents. Side note, distribution margin is one of the metrics to know how well management could manage its expenses. Later from the trend below, you could see that 3Q 2019 is at 40.8% and 3Q 2020 is at 42.6%.
Lease Profile

Occupancy dropped to...