Shares & Derivatives
Keppel Pacific Oak US REIT Review @ 19 Apr 2021
By REIT-TIREMENT  •  April 19, 2021
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
...
Read the full article
By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance