- Keppel Pacific Oak US REIT is expected to resume distribution in 2026. Keppel Pacific Oak US REIT's share price trades at a 2026 distribution yield of 15.6% and P/NAV of 0.35x (65% discount to NAV per unit at US$0.69).
- - Read this at SGinvestors.io -
Drag from higher repair & maintenance expenses.
- Gross revenue and NPI declined 3.7% and 14.1% y-o-y respectively in 2H24. Excluding non-cash adjustments such as lease incentives and amortisation of straight-line rent and leasing commissions, adjusted NPI fell 7.9% y-o-y due to higher repair & maintenance expenses.
- - Read this at SGinvestors.io -
Portfolio occupancy improved 1.3ppt q-o-q to 90.0% in 4Q24.
- Occupancy for Bellevue Tech Center improved 8.3ppt q-o-q to 95.6% due to expansion by anchor tenant TerraPower of 18,000sf and securing two new tenants in the medical and technology sectors. Occupancy for Maitland Promenade rose 4.6ppt q-o-q to 92.8% after securing a new pharmaceutical tenant.
Turned around to positive reversion.
- 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/ 2025-02-05
Previous report by UOB:
2024-10-25 Keppel Pacific Oak US REIT 3Q24 - Gradual & Steady Recovery With Stable Occupancy.
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,
Keppel Pacific Oak US REIT Announcements,
Keppel Pacific Oak US REIT Dividend Payout Dates & Corporate Actions,
Keppel Pacific Oak US REIT News
