Keppel Pacific Oak US REIT - DBS Research 2023-02-02: Building Resilience During Tough Times

Keppel Pacific Oak US REIT - Building Resilience During Tough Times

Published:
KEPPEL PACIFIC OAK US REIT (SGX:CMOU) | SGinvestors.ioKEPPEL PACIFIC OAK US REIT (SGX:CMOU)
  • Keppel Pacific Oak US REIT (SGX:CMOU)'s FY22 headline DPU -8.5% y-o-y to US$0.058, in line with our estimates, mainly due to the conversion of management fees paid in units to cash from 3Q22 onwards. On a like-for-like basis (adjusting FY21), FY22 DPU fell 1% y-o-y. Similarly, 4Q22 estimated DPU fell 3.5% y-o-y and 1.4% q-o-q to US$0.0138, on a like-for-like basis. See Keppel Pacific Oak US REIT's dividend dates.
  • - Read this at SGinvestors.io -
  • Keppel Pacific Oak US REIT's gearing inched up marginally to 38.2% vs 37.5% in 3Q22. Average cost of debt rose marginally by 10bps q-o-q to 3.2%. Management expects the impact of higher interest cost will likely come through in 2023 where average cost of debt may rise 50bps to 60bps.
  • - Read this at SGinvestors.io -
  • Keppel Pacific Oak US REIT's NAV is stable at S$0.78.

Key operational highlights of Keppel Pacific Oak US REIT

  • Read more at SGinvestors.io.



Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



Rachel TAN DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-02-02



Read also DBS's most recent report:
2025-02-06 Keppel Pacific Oak US REIT - Green Shoots, But Dividend Payout Still A Year Away.

Previous report by DBS:
2024-08-01 Keppel Pacific Oak US REIT - Emerging From The Ashes.

Price targets by other brokers at Keppel Pacific Oak US REIT Target Prices.

Listing of research reports at Keppel Pacific Oak US REIT Analyst Reports.

Relevant links:
Keppel Pacific Oak US REIT Share Price History,
Keppel Pacific Oak US REIT Announcements,
Keppel Pacific Oak US REIT Dividend Payout Dates & Corporate Actions,
Keppel Pacific Oak US REIT News






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