The Directors of Keppel Pacific Oak US REIT Management Pte. Ltd., as Manager of Keppel Pacific Oak US REIT, are pleased to announce the unaudited results of Keppel Pacific Oak US REIT for the fourth quarter and full year ended 31 December 2019.

Keppel Pacific Oak US REIT achieves 31.4% year-on-year growth in distributable income for FY 2019

Highlights

  • Distribution yield of 7.7% as at 31 December 2019.

  • 11.3% increase in distribution per Unit (DPU) year-on-year (y-o-y) for FY 2019 at 6.01 US cents.

  • Strong rental reversion - 14.3% for FY 2019, in addition to average ~2.6% annual rent escalations.

  • Over 36% of tenants in the key growth sectors of technology and healthcare.

  • Low tenant concentration - 19.4% of cash rental income (CRI) attributed to top 10 tenants.

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Keppel Corporation Ltd. published this content on 21 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2020 09:58:04 UTC