On 18 October 2023, Keppel Pacific Oak US REIT (“KORE”) have announced their third quarter business update for 2023. The fundamentals have relatively remained unchanged. Therefore the recent significant increase in share price from my previous article was mainly due to a positive economic outlook, especially with the Federal Reserve currently forecasted to cut interest rates in 2024. The rally is definitely a welcome one, though investors will need to keep an eye out over the next few months when they announce their full year results. Key thing to look out for would be the valuation of investment properties which will be done at year end. Website: General Announcement::Keppel Pacific Oak US REIT Key Business And Operational Updates For The Third Quarter 2023 Photo source: https://www.theedgesingapore.com/news/reits/keppel-pacific-oak-us-reit-esr-reit-and-prime-us-reit-join-ftse-epra-nareit-global Background KORE is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 9 November 2017. KORE’s leverages its focus on the fast-growing technology, advertising, media and...