Keppel Pacific Oak US REIT (KORE) still spots a pretty attractive dividend.
They just announced their first quarter 2021 update and this update provides us a glimpse of their projected income available for distribution.
If we annualized the dividend per unit of 6.26 cents, KORE currently trades at an attractive 8.5% dividend yield (You can review how this 8.5% measure up against other high yielding dividend stocks in Singapore).
KORE operates in an area that is pretty far from Singapore and investors might discount its share price due to their unfamiliarity with the region and it can be challenging not having the boots on the ground effect.
The future of office is a hot topic among investors. Every one is trying to size-up how technology and work-from-home will change office leasing in the short-term and long-term.
KORE’s first quarter result might give us a glimpse of how well they have done....