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Kep-KBS Reit
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JurongW
Elite |
27-Mar-2026 17:32
Yells: "Earnings give weight, Chart give wings" |
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n3wbie
Elite |
17-Mar-2026 23:19
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Big block trade of 30+m shares transacted at 15.5c... more than 15% discount to last market traded price | ||||
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Joelton
Supreme |
05-Feb-2026 09:20
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RHB upgrades KORE to &lsquo buy&rsquo at raised TP of 30 US cents on &lsquo surprise&rsquo 2HFY2025 dividend resumption Analyst Vijay Natarajan of RHB Singapore has upgraded his call on Keppel Pacific Oak REIT (KORE) to &ldquo buy&rdquo from &ldquo neutral&rdquo at a raised target price of 30 US cents (38 cents) from 23 US cents following the REIT&rsquo s 2HFY2025 results. Natarajan notes that the REIT&rsquo s results in the second half provided a &ldquo slight positive surprise&rdquo with the resumption of a token dividend. He writes in his Feb 4 note: &ldquo Refinancing concerns have been addressed with successful roll-over of FY2026 loans. The US office outlook, especially for high-quality assets, has firmly turned positive with strong demand growth and limited new supply. With uncertainties slowly being lifted, we see value, with KORE trading at a distressed about 65% discount to book.&rdquo With the REIT&rsquo s resumption of an early dividend in the 2HFY2025 representing an around 10% payout following a successful loan refinancing, KORE expects to gradually raise payouts to a stable 80% level. For the FY2026, Natarajan has conservatively assumed a 20% payout, rising to 50% by the FY2028 and translating to an around 10% FY2028 yield. Meanwhile, KORE is currently in the midst of terminating its US asset manager Pacific Oak Capital Advisors (POCA) and is also in late-stage negotiations with another third-party US asset manager. On this, Natarajan writes: &ldquo The move comes in light of Pacific Oak Strategic Opportunity REIT Inc (PCOK) pursuing a liquidation plan. KORE does not anticipate this transition to impact its operations as its entire current asset management team is expected to move to the new third-party asset manager upon completion.&rdquo Currency, PCOK holds a stake of around 6.14% in KORE, which the analyst believes will likely be sold via a block transaction. He adds: &ldquo KORE&rsquo s sponsor Kore Pacific Advisors, which currently holds a 50% stake in the REIT manager, remains unchanged.&rdquo In the US, the REIT is expecting near-term occupancy volatility with its key tenant, Meta expected to exit The Westpark Portfolio in the 1HFY2026, alongside a few other smaller known exits. Natarajan notes that KORE &ldquo remains confident&rdquo of backfilling the space, with occupancy expected to ramp back up to a mid-to high-80% by the end of the FY2026. He writes: &ldquo Rent reversion should be flattish but tenant incentives are starting to see a reduction.&rdquo Until mid-2027, the REIT does not face any debt maturity, with an interest cost of around 5% based on FY2026&rsquo s guidance. The RHB analyst expects capital expenditure (capex) in the FY2026 to be similar to FY2025' s US$40 million. He concludes: &ldquo Overall portfolio valuations were flat y-o-y (excluding capex) but we expect this to improve from 2026 onwards.&rdquo Key drivers for the REIT noted by Natarajan include a portfolio focused on growth markets with tech and healthcare tenants, the migration of tenants to sub-urban and low cost-of-living red states and limited tenant concentration risks. On the other hand, key risks include the US economy entering a recession accompanied by high interest rates, prolonged weakness in office demand from artificial intelligence (AI) led impacts and a pullback in bank financing. As at 3.18 pm, units in Keppel Pacific Oak REIT are trading 0.5 US cents higher at 23.5 US cents. |
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Delvyss
Elite |
03-Feb-2026 09:44
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Keppel Pacific Oak US REIT Announces Transition to New US Asset Manager and Updates on Substantial Unitholder Pacific Oak REIT 1https://www.minichart.com.sg/2026/02/03/keppel-pacific-oak-us-reit-announces-transition-to-new-us-asset-manager-and-updates-on-substantial-unitholder-pacific-oak-reit-1/ |
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Delvyss
Elite |
03-Feb-2026 09:09
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Pretty good divvy. Promise kept. | ||||
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Buradin
Veteran |
03-Feb-2026 07:10
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Early resumption of dividend payment declared by Keppeloak. 0.25 US cents per unit to be paid in Mar 26. | ||||
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Delvyss
Elite |
30-Jan-2026 08:47
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Trump Wants Lower Mortgage Rates, Not Cheaper Houseshttps://www.investopedia.com/trump-wants-lower-mortgage-rates-not-cheaper-houses-11894496 |
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Delvyss
Elite |
29-Jan-2026 16:15
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Notice of Dates for Financial Resultshttps://www.keppel.com/media/notice-of-dates-for-financial-results-20189/ |
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seanpent
Supreme |
13-Jan-2026 11:21
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conducive and ready | ||||
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seanpent
Supreme |
12-Jan-2026 16:31
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P/B of 0.60x
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Delvyss
Elite |
12-Jan-2026 11:03
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Notice of Dates for Financial Resultshttps://www.keppel.com/media/notice-of-dates-for-financial-results-20189/ |
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Delvyss
Elite |
09-Jan-2026 10:18
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U.S. Real Estate Trends to Watchhttps://www.cushmanwakefield.com/en/united-states/insights/trends-to-watch |
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Delvyss
Elite |
08-Jan-2026 10:16
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Keppel Pacific Oak REIT secures $48.04m refinancing loanhttps://sbr.com.sg/markets-investing/news/keppel-pacific-oak-reit-secures-4804m-refinancing-loan |
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Delvyss
Elite |
05-Jan-2026 15:39
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Monitoring ... believe it' s on track for distributions resuming in the first half of 2026 ... hopefully earlier if market conditions improve ...
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pc1234
Member |
05-Jan-2026 14:08
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This news was reported in Nov 2025......
Any news insight?
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Delvyss
Elite |
05-Jan-2026 13:45
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US office S-Reits could be on the cusp of a comebackhttps://www.businesstimes.com.sg/companies-markets/us-office-s-reits-could-be-cusp-comeback |
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piscesmonkey
Supreme |
20-Dec-2025 02:35
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Already sold at 89 500lots bought at 84
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CheongArgh
Master |
19-Dec-2025 16:32
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Go look at GRC. Rushing to 10 suddenly.
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piscesmonkey
Supreme |
19-Dec-2025 16:08
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1 mouth clearc235 US reits going in play soon | ||||
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Delvyss
Elite |
13-Nov-2025 11:44
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Keppel Pacific Oak US REIT - Quick View (USD 0.40) https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/KORE_SP.xml |
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