Keppel Pacific Oak US REIT property, Westmoor Center (Photo: Keppel Pacific Oak US REIT)Keppel Pacific Oak US REIT property, Westmoor Center (Photo: Keppel Pacific Oak US REIT)

Keppel Pacific Oak US REIT (KORE) saw a high volume of married deals after trading hours on 30 August, which is likely linked to the almost 8% fall in its unit price on the day.

KORE is a Singapore Exchange (SGX)-listed REIT that invests exclusively in US office assets across Sunbelt cities.

The REIT has been trying to distance itself from the fate that has befallen one of its SGX-listed peers that also owns US office assets.

Related: Keppel’s US office REIT explains why it won’t see a Manulife US REIT-like meltdown


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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.