- KORE US REIT (SGX:CMOU) reported distributable income of US$10.0m for 1Q26 (+4.3% y-o-y), which is in line with our expectation. The results included a one-off restoration fee of US$2.4m from Meta Platforms.
Demonstrating resiliency.
- - Read this at SGinvestors.io -
- KORE US REIT benefits from a built-in average annual rental escalation of 2.4%. It saw continued tenant interest across finance & insurance (38%) and professional services (28%). Portfolio WALE weighted by cash rental income was stable at 3.7 years.
Occupancy stressed by known vacate.
- - Read this at SGinvestors.io -
- Occupancy at Plaza Buildings in Bellevue improved 2.9ppt q-o-q to 79.6% due to new 8,700sf medical & healthcare tenant.
- Occupancy at Maitland Promenade in Orlando improved 4.3ppt q-o-q to 95.7% due to a new 22,250sf financial services tenant.
Leasing momentum has picked up since 2Q26.
- Read more at SGinvestors.io.
