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  3. •

    Real estate investment trusts
KORE US REIT

KORE US REIT

SSGX:CMOU
0.14
USD
0.00
(0.00%)
245.45MMarket Cap
Jan 27Next Earn
2015 Y
2016 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.11
0.12
0.13
0.14
0.15
0.14
0.14
0.14
0.14
0.14
- -
Basic EPS, GAAP
0.02
0.03
0.06
0.08
0.06
0.08
0.05
-0.06
-0.01
- -
- -
Free Cash Flow per Basic Share
- -
0.06
0.07
0.09
0.08
0.08
0.08
0.08
0.07
0.07
- -
Dividend per Share
- -
0.02
0.03
0.07
0.04
0.07
0.06
0.05
- -
- -
- -
Book Value per Share
- -
0.79
0.8
0.8
0.82
0.82
0.81
0.69
0.69
0.68
0.68
Tangible Book Value per Share
- -
0.79
0.8
0.8
0.82
0.82
0.81
0.69
0.69
0.68
0.68
Basic Weighted Avg Shares
665
665
822
844
939
984
1,044
1,044
1,044
1,044
1,044
Sales/Revenue/Turnover
75
80
106
118
136
139
145
146
143
145
- -
Operating Margin (%)
45.5
46.74
54.19
56.31
54.35
53.33
51.29
52.41
48.56
49.4
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
13
18
53
70
56
77
48
-68
-7
-4
- -
Effective Tax Rate (%)
29.28
23.87
16.01
22.63
18.72
14.35
- -
- -
- -
- -
- -
Profit Margin (%)
17.98
22.86
50.06
58.88
41.39
55.82
33.51
-46.23
-4.83
-2.81
- -
Working Capital
- -
13
20
-10
-8
-99
24
-67
-47
-173
-173
LT Debt
- -
287
367
457
463
438
567
525
546
417
417
Total Equity
- -
526
658
749
772
854
846
723
716
712
712
Return on Invested Capital (%)
- -
- -
5.23
4.57
4.81
4.71
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
6.83
7.27
5.53
6.67
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
8.96
9.9
7.42
9.51
5.7
-8.63
-0.96
-0.57
- -

Capital Structure

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
59
104
194
LT Borrowings
546
506
417
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,044
1,044
1,044
Market Capitalization
214
230
245

Working Capital

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
53
54
62
Cash, Cash Equivalents & STI
44
46
56
Accounts Receivable, Net
4
5
3
Inventories
- -
- -
- -
Total Current Liabilities
100
138
235
Payables & Accruals
- -
- -
- -
ST Debt
59
104
194
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1.27%
-0.57%
Free Cash Flow
- -
0.78%
1.62%
Net Income, GAAP
- -
-74.11%
-40.89%
Sales/Revenue/Turnover
- -
1.32%
1.85%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
146
2024
- -
- -
143
2025
- -
- -
145

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-0.06
2024
- -
- -
-0.01
2025
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
David Eric Snyder
Full Time Employees
9
Sector
Finance
Industry
Real estate investment trusts
Address
1 HarbourFront Avenue Singapore CE Singapore 098632
IPO Date
Nov 9, 2017
Website
koreusreit.com
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Business
Keppel Pacific Oak US REIT (KORE) is a Singapore-listed real estate investment trust that principally invests in a diversified portfolio of income-producing freehold office buildings and business campuses, as well as real estate-related assets, located in key growth markets across the United States driven by technology, innovation, and positive economic fundamentals outperforming national and gateway city averages. The REIT's portfolio comprises 13 properties with a combined asset value of approximately US$1.3 billion and aggregate net lettable area of about 4.8 million square feet, including The Plaza Buildings and Bellevue Technology Center in Seattle, Washington; Westpark Portfolio, Westech 360 and Great Hills Plaza in Austin and Houston, Texas; Westmoor Center and 105 Edgeview in Denver, Colorado; 1800 West Loop South and Bellaire Park in Houston, Texas; Bridge Crossing in Nashville, Tennessee; One Twenty Five in Dallas, Texas; Maitland Promenade I & II in Orlando, Florida; and Iron Point in Sacramento, California, serving a high-quality tenant base primarily in technology, advertising, media, information (TAMI), medical, and healthcare sectors. KORE targets sustainable distributions and total returns for unitholders through its focus on Super Sun Belt, 18-Hour Cities, and Supernova markets favored in corporate relocations. Listed on the Singapore Exchange mainboard in 2017 and headquartered at Keppel Bay Tower, 1 HarbourFront Avenue, Singapore, the REIT operates exclusively in the US office segment with properties spanning eight markets including Washington, Texas, Colorado, Tennessee, Florida, and California. It is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., a joint venture between sponsors Keppel REIT Management Limited and KORE Pacific Advisors. In recent developments, KORE maintains portfolio committed occupancy above 88% as of late 2024, exceeding US averages, with new leases signed at Seattle, Denver, and Orlando properties; it entered a US$45 million uncommitted revolving credit facility in October 2024 and early refinanced or extended US$170 million in loan facilities due in 2024-2025 as part of its Recapitalisation Plan, while aggregate leverage stands at 42.6% as of September 2024.