Keppel Pacific Oak US REIT counts on better visibility with index inclusion

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Keppel Pacific Oak US REIT (KORE) will be included in the MSCI Singapore Small Cap Index at the close of market trading on 29 May 2020.

The index, which has 51 constituents as at 30 April 2020, is designed to measure the performance of the small cap segment of the Singapore market.

The MSCI Singapore Small Cap Index represents approximately 14% of the free float-adjusted market capitalisation of the Singapore equity universe.

"This marks an important milestone for the REIT, and underscores our commitment to increasing our visibility among global investors and enhancing our trading liquidity", said David Snyder, CEO and CIO of the REIT’s manager.

“With approximately 55% of its portfolio in the key tech hubs of Seattle, Denver and Austin, KORE’s focus on the growth and defensive technology and healthcare sectors is a distinctive factor and a cornerstone of our strategy”, said Snyder.

“Notwithstanding the COVID-19 situation, we are confident that KORE’s resilient portfolio with low tenant concentration risk will continue to sustain long-term returns for unitholders”, he added.

The REIT has a portfolio of 13 properties across the US with a 93.6% occupancy rate.

It was last done on the Singapore Exchange (SGX) at USD0.58.

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