Keppel Pacific Oak US Reit
Kore closes 4.2% down after hitting 4-month intraday high on H2 results, early resumption of distributions
Manager plans to start with a ‘conservative payout ratio’, which will be raised to a ‘sustainable level aligned with long-term portfolio performance’
Kore resumes distribution, declares US$0.0025 DPU for H2 despite 3.1% drop in distributable income
The manager is also making plans for a new asset managment outsourcing arrangement
Keppel Pacific Oak US Reit obtains US$37.5 million loan facility
The move will ‘substantially’ address refinancing needs for 2026
US office S-Reits could be on the cusp of a comeback
The worst could be over, with interest rates now edging downwards, and leasing demand and occupancy metrics improving across major office markets
Keppel Pacific Oak US Reit 9-month distributable income falls 14.8% to US$30.4 million
Decline is mainly due to lower cash rental income from higher free rents, increase in finance and other trust expenses
‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet
Investor sentiment towards the sector appears to be stabilising, but recovery among players remains uneven
Keppel Pacific Oak US Reit H1 distributable income falls 16.2% to US$19.9 million
The decline is mainly due to lower cash net property income and higher other trust expenses
Keppel Pacific Oak US Reit Q1 distributable income continues slide, tumbling 19.3% to US$9.6 million
The decline is mainly due to lower adjusted net property income
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
This brings its income available for distribution for the full year down 8.8% to US$47.6 million from US$52.2 million
Singapore-listed US office Reits soar on Trump’s return to office mandate
The trio of US office Reits has recorded strong weekly gains of more than 10%, respectively
