- Keppel Pacific Oak US REIT's adjusted NPI grew 1.4% y-o-y in 1H23 due to better performance from its existing properties despite the divestment of two Atlanta assets. The better performance relative to its peers demonstrated the merits of Keppel Pacific Oak US REIT’s focus on growth cities and constant investment on maintenance and amenities.
- - Read this at SGinvestors.io -
- Keppel Pacific Oak US REIT's share price trades at an attractive 2023 distribution yield of 16.7% and P/NAV of 0.58x (42% discount to NAV). Maintain BUY. Target price: US$0.50.
Keppel Pacific Oak US REIT (KORE)'s 1H23 Results
- - Read this at SGinvestors.io -
Growing despite timely divestments that reduced leverage.
- 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/ 2023-07-28
Read also UOB's most recent report:
2024-04-18 Keppel Pacific Oak US REIT - Resilient Portfolio Provides Stable 1Q24 NPI.
Previous report by UOB:
2024-03-07 Keppel Pacific Oak US REIT - Navigating The Office Downturn Without Diluting Unitholders’ Interests.
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 Dividends & Corporate Actions,
Keppel Pacific Oak US REIT News Articles
