Shares & Derivatives
Keppel Pacific Oak US REIT Maintains Respectable Results and an Attractive 8.7% Dividend Yield
By Investment Moats  •  August 1, 2022
There was some confusion about whether Singapore-listed U.S. office REIT operator Keppel Pacific Oak (KORE) did reduce its dividend per unit in its latest first-half financial results. Here is a summary of their latest results: There are two DPU line items. One is a DPU, and another is an adjusted DPU. The adjusted DPU was present because KORE’s number of units outstanding expanded from 947 mil units to 1.04 bil units. The adjusted DPU is a better like-for-like number to compare against. If we go by that, KORE did not reduce their DPU from a year ago. Still, there seems to be something missing because the revenue and net property income did go up, but distributable income is still quite close to last year. Why is that? Here is a table KORE showed to explain the adjustment of their net income to come up with the final distributable income:...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance