- Keppel Pacific Oak US REIT (SGX:CMOU) reported distributable income of S$30.4m for 9M25, which is in line with our expectation.
Pick-up in leasing momentum and positive reversion in 3Q25.
- - Read this at SGinvestors.io -
- In total, leases for 449,772sf of office space was signed in 9M25, which is equivalent to 9.4% of its portfolio NLA. KORE benefits from a built-in average annual rental escalation of 2.6%.
Stabilised occupancy by backfilling know vacates.
- - Read this at SGinvestors.io -
- Occupancy at The Plaza buildings improved 3.3ppt q-o-q to 88.3% due to new leases for spec suites totalling 18,000sf.
- Occupancy at Westmoor Center in Denver dipped 5.5ppt q-o-q to 77% due to a known vacate by a technology tenant for 48,000sf. KORE has backfilled half or 24,000sf through expansion by an existing tenant. New tenants and expansions accounted for 44.7% and 14.8% of leases signed in 3Q25.
- Overall, portfolio occupancy was stable at 88% in 3Q25.
Slight decline in NPI.
- Read more at SGinvestors.io.
