Basic Profile & Key Statistics
Keppel Pacific Oak US REIT (KORE) is a pure office REIT that owns 13 properties in U.S.
Performance Review
Gross revenue decreased YoY by 2.1%, while adjusted NPI and distributal income increased YoY by 2.7% and 3.6% respectively. The distributable income is equivalent to 1.57 ~ 1.58 cents of DPU.
Rental reversion is at +5.7% driven by growth in Seattle and Austin.
Related Parties Shareholding
- REIT sponsor's shareholding is low at 7.95%
- REIT manager's shareholding is high at 1.16%
- Directors of REIT manager's shareholding are high at 0.96%
Lease Profile
- Occupancy is slightly low at 91.6%
- WALE is slightly short at 3.7 years
- Highest lease expiry within 5 years is low at 17% which falls in 2023
- All properties are freehold
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