Keppel Pacific Oak REIT ("KORE") along with the other US office commercial REITS have been in the doldrums for the past few years. The work from home trend since COVID had a devastating effect across the entire US office REITs with some on the brink of bankruptcy from low tenant occupancy. Anti-inflation measures with high interest rate hikes by the US Fed further worsen the woes of US Office Commercial REITs. With the announcement by Donald Trump and many US business leaders such as the chief of JP Morgan to be back office, there are finally green shoots of recovery emerging. But the light at the end of the tunnel may not appear so fast for US Office REITS as US seems to be entering into a recession.

1. Gap Between High Net Asset Value Per Unit to Market Price Per Unit is Insanely High. 

Interestingly, market is viewing KORE as extremely risky with Net Asset Value ("NAV") at US$0.69 per...