Hi Folks, today let's do some stress tests on the expected distribution yield of Keppel Pacific Oak REIT (“KORE”) once it resumes its distribution in FY2026. I know that there are many folks who have been holding on to their US commercial office REITs units since the pre-COVID days which also coincided with the then super low interest rate environment. There are also folks who have accumulated additional units of Manulife US REIT (“MUST”), Prime US REIT and also KORE to take advantage of the implosion in unit pricing at rock bottom while waiting for capital appreciation and dividends post recovery phase. KORE seems to be in a better shape than Prime US REIT and MUST from the key metric of occupancy rate and also leverage ratio.
First and foremost, let's take a quick look at the recent announced cashflow of KORE 2nd half results before we annualised the
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