SP:CMOU Keppel Pacific Oak Us Reit

Keppel Pacific Oak US REIT (KORE), previously known as Keppel-KBS US REIT, is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017. KORE's investment strategy is to principally invest in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets of the United States (US) with positive economic and office fundamentals that outpace that of the US national average, as well as the average of the gateway cities, so as to provide sustainable distributions and strong total returns for Unitholders. As at 31 December 2019, KORE's portfolio comprised a balanced mix of 13 freehold office buildings and business campuses across eight key growth markets driven by innovation and technology in the US. With a combined asset value of US$1.26 billion and an aggregate net lettable area of over 4.7 million sf, KORE has an extensive and diversified tenant base, some of which are from the growth and defensive sectors such as the technology, as well as medical and healthcare sectors, which will continue to support and drive growth. KORE is a technology-focused office REIT with over 50% of the portfolio in the technology hubs of Seattle, Austin and Denver. The remainder of the portfolio is located in the key growth markets of Houston, Dallas, Orlando, Sacramento and Atlanta. KORE is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., which is jointly owned by two Sponsors, Keppel Capital and KPA.

0.41 SGD
As of 03/24/2023

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Security Information

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Category1:  Global Equity
Category2:  Common stocks
Category3:  Developed markets ex-US
GICS sector:  Real Estate
Industry:  REIT-Office
Index country:  Singapore
Country of incorporation:  Singapore
IPO date:  11/10/2017
Stock exchange:    Singapore Exchange
Exchange country:   Singapore
Market cap:   736,337,216 SGD
Current dividend yield:   8.18%
Sedol:      BF249P2