Shares & Derivatives
Keppel Pacific Oak US REIT Review @ 19 April 2023
By REIT-TIREMENT  •  April 19, 2023
Basic Profile & Key Statistics Main Sector(s): OfficeCountry(s) with Assets: United StatesNo. of Properties (exclude development/associate/fund): 13 Key Indicators Performance Highlight Gross revenue improved slightly but NPI declined due to higher property expenses. Income available for distribution and DPU declined by more than 20% mainly due to a combination of higher interest cost and manager elected to receive 100% of its base fee in cash. The adjusted income available for distribution is for a like-for-like comparison should the manager receive the base fees in cash for 1Q 2022. Rental Reversion Rental revision for 1Q is at negative 6.5%. Related Parties Shareholding REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Above median by 10% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more Lease Profile Occupancy: ± 5% from medianWALE: Below median by 10% or moreHighest Lease Expiry within 5 Years: Below median by 10% of more; Falls in 2027Weighted Average Land Lease...
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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 ...
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