Data from Keppel Pacific Oak US REIT’s latest disclosure has been incorporated into the Singapore REITs table.
Keppel Pacific Oak US REIT (KORE) has reported a 4.5% increase in its revenue for 3Q 2021, which came in at USD36 million.
Its net property income (NPI) for the period rose by 5.6% to USD21.7 million.
Accordingly, the REIT’s distributable Income for 3Q2021 was up 8.4% year-on-year at USD15.9 million.
Overall, KORE reported positive rent reversion of 8.3% for its 9M 2021.
Average rent collection was about 99% in 9M 2021 and rent deferment requests amounted to only about 1% of net lettable area, the REIT added.
The REIT’s aggregate leverage for the period was at 37.7% with no long-term refinancing requirements until November 2022.
KORE was last done on the SGX at USD0.795, which presently implies a distribution yield of 7.95% according to data on the Singapore REITs table.