UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” call on the Singapore REIT (S-REIT) sector, as he sees upside from the reopening against the perceived threat against inflationary pressures.The way he sees it, nascent signs of the easing of inflationary pressures have emerged.“US ...

For finance and real estate veteran David Snyder, the best piece of advice — one that resonated with him throughout his career — was given by his father when he was a teenager living in Singapore.“A principle my dad had learnt and thought worked best in building a team was to give away all the...

UOB Kay Hian analyst Jonathan Koh has kept a “buy” rating on Keppel Pacific Oak US REIT (KORE) with a target price of US$1.07 ($1.47).To the analyst, KORE has benefitted from the dispersion of jobs in the technology sector to outside of Silicon Valley, particularly with these regional technology...

SPH REIT kicked off the current financial reporting season for S-Reits on Apr 1,l 2022 with with the release of its H1 FY2022 (ended Feb 28, 2022) financial results. This was followed by other S-Reits, including Keppel DC Reit (Q1 business update), Keppel Pacific Oak US Reit (Q1 business upd...

If there was one standout from the REITs that announced results in the week of April 18-22, it was their focus on capital management. REIT managers are moving to limit the impact of interest rate hikes on their distributable incomes and distributions per unit (DPU). Interest expense is often locally...

Although rent reversion slightly slowed to +2.4% as compared to +6% for FY2021 ended December 2021, KORE noted that it was mainly due to a combination of markets in which leases expired this quarter. “With market rents on a rising trend since 3QFY2021 and in place rents approximately 8.9% below as...

OFFICE-FOCUSED Keppel Pacific Oak US Reit (KORE) said its first-quarter distributable income rose 10.9 per cent to US$16.6 million, up from US$14.9 million in the same period the year before.

Keppel Pacific Oak US REIT (KORE) announced a 10.9% rise y-o-y in distributable income to US$16.6 million for 1Q2022. The growth was attributed to the acquisitions of Bridge Crossing in Nashville and 105 Edgeview in Denver in August 2021. Adjusted Net Property Income (NPI) rose 7.1% to US$22 million...

OFFICE-FOCUSED Keppel Pacific Oak US Reit (KORE) said its first-quarter distributable income rose 10.9 per cent to US$16.6 million, up from US$14.9 million in the same period the year before.

OFFICE-FOCUSED Keppel Pacific Oak US Reit (KORE) said its first-quarter distributable income rose 10.9 per cent to US$16.6 million, up from US$14.9 million in the same period the year before.