Keppel Pacific Oak US Reit’s DPU drops 17.2% YoY in H1

The distribution per unit (DPU) was at 2.50 US cents (3.3 cents).

The DPU of Keppel Pacific Oak US Reit (KORE) translated to a distribution yield of 16% as at end June 2023.

According to the company, its DPU last year was 3.02 US cents (4 cents).

Meanwhile, the net property income (NPI) was US$43.9m ($58.1m) in H1 2023, 2.0% higher YoY.

Its gross revenue went up 2.4% YoY to US$75,911m ($100.4m) in H1 2023.

KORE also committed 289,057 square feet or 6.1% of portfolio net lettable area (NLA) of office space in H1 2023.

The migration of Americans in massive numbers to large Sun Belt metro areas and fast-growing suburban cities, where

KORE’s portfolio is focused, continues to happen, said KORE. It shows that people are demanding more affordable and growth-friendly spaces, it added.

In terms of the office market, quality office spaces in Sun Belt metros will stand out as firms want optimal work experience to entice employees in returning to office.

$1 =US$0.76

Follow the link for more news on

Keppel Group

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia