- Keppel Pacific Oak US REIT's share price trades at distribution yield of 4.0% for 2026 and 6.5% for 2027. P/NAV looks depressingly low at 0.36x.
- - Read this at SGinvestors.io -
Positive momentum in Austin and Denver.
- Management sees demand from smaller companies for 2,000sf to 8,000sf of office space at Westech 360 and Great Hills Plaza in Austin respectively. Austin is renowned as the headquarters for Tesla and Palantir Technologies.
- CesiumAstra, which builds communications systems for space and defence industries, recently expanded by 24,000sf at Westmoor Center in Denver. Management sees Westmoor Center and 105 Edgeview benefitting from spillover from nearby Boulder and demand from defence contractors, including missile defence systems, located in the vicinity.
Headwinds at The Plaza Buildings in Bellevue.
- - Read this at SGinvestors.io -
- Unfortunately, UiPath, a global robotic automation software company, is expected to vacate from its existing 30,000sf space in Nov 25.
Working hard on backfilling known vacates.
- Read more at SGinvestors.io.
