Keppel Pacific Oak US Reit posts Q4 DPU of 1.51 US cents

Singapore

KEPPEL Pacific Oak US Reit (KORE), previously known as Keppel-KBS US Reit, on Tuesday posted a fourth-quarter restated distribution per unit (DPU) of 1.51 US cents, higher than the restated DPU of 1.25 cents in the same period a year ago.

DPU for the three months ended Dec 31 came in 2.7 per cent above forecast, notwithstanding the rights issue on Nov 26, 2018 that enlarged the unit base.