- 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 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/ 2025-01-13
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