- BUY Keppel Pacific Oak US REIT and Prime US REIT, which provide high 2026 distribution yields of 19.0% and 25.9% respectively (Note: 2025 distribution yield of 0% and 2.3% respectively).
- - Read this at SGinvestors.io -
Leasing momentum sustained as confidence is restored.
- According to CBRE, leasing volume increased 11.5% y-o-y to 51.5m sf in 3Q24, reaching 86% of pre-pandemic levels. Tenants from the finance and legal sectors remain active. Technology companies have started to return to the office market. Net absorption increased 87% q-o-q to 4.3m sf, marking the second consecutive quarter of positive net absorption.
- - Read this at SGinvestors.io -
- Availability of sub-lease space has shrunk to 4.1% of total inventory, compared with a peak of 4.7% in 2Q23. Vacancy rate for prime office space improved 20bp q-o-q to 15.5%.
Turning point with nascent sign of expansion.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-01-13
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