I’ve been getting quite a few questions on the US REITs recently. In case you missed it, most of these REITs are trading at double digit dividend yields. At current price of $0.44, Keppel Pacific Oak US REIT trades at a 13.7% dividend yield, and 0.55x book value. Here’s the chart since IPO, you can see what a complete disaster it’s been since Jan 2022: So yes – we all know the US macro situation is bad and likely to get worse before it gets better. But… at this price, is Keppel Pacific Oak US REIT worth a buy? Dividend yield of Keppel Pacific Oak US REIT DPU for 1H 2022 was 3.02 cents. If we annualise that, and using the current unit price of $0.44 – that’s a mind blowing 13.7% dividend yield. You can see this visualised in chart form below. This is the highest dividend yield Keppel Pacific Oak US REIT has traded at since COVID in March 2020....