Growing with growth cities.
- We visited 9 office properties in Keppel Pacific Oak US REIT (SGX:CMOU)’s portfolio covering five US cities, ie Nashville (supernova), Dallas (super sunbelt), Houston (super sunbelt), Denver (18-hour) and Eastside Seattle – Bellevue and Redmond (multi-talented producer). We observed vibrancy in the local economies and growth from domestic tourism. In-migration and population expansion at these growth cities should cushion the negative impact from hybrid arrangements and remote work.
High quality of finishing for renovated office space.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-06-07
Read also UOB's most recent report:
2024-03-07 Keppel Pacific Oak US REIT - Navigating The Office Downturn Without Diluting Unitholders’ Interests.
Previous report by UOB:
2024-02-16 Keppel Pacific Oak US REIT - Best Endeavour To Avoid Divestment, EFR & Potential Default.
Price targets by 2 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,
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Keppel Pacific Oak US REIT Dividends & Corporate Actions,
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