CMOU.SI - Keppel-KBS US REIT

SES - SES Delayed Price. Currency in USD

Keppel-KBS US REIT

Keppel Bay Tower
Level 2 1 HarbourFront Avenue
Singapore 098632
Singapore
65 6803 1818
http://www.koreusreit.com

SectorReal Estate
IndustryREIT—Diversified
Full-time employees

Key executives

NameTitlePayExercisedYear born
Mr. David Eric Snyder CPA, CPACEO & Chief Investment OfficerN/AN/A1972
Mr. Wei Yong GweeChief Financial Officer of Keppel-KBS US REIT Management Pte. LtdN/AN/A1976
Ms. Grace ChiaHead of Investor Relations of Keppel-KBS US REIT Management Pte. LtdN/AN/A1980
Mr. Kelvin ChuaCompany Sec. of Keppel-KBS US REIT Management Pte. LtdN/AN/AN/A
Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Listed on 9 November 2017 on the mainboard of the Singapore Exchange Securities Trading Limited, Keppel Pacific Oak US REIT (KORE), previously known as Keppel-KBS US REIT, is a distinctive office REIT with properties located in key growth markets of the United States (US). KORE's investment strategy is to principally invest in a diversified portfolio of income-producing commercial and real estate-related assets in key growth markets of the US with favourable economic and office fundamentals that are above the national average, so as to provide sustainable distributions and strong total returns for Unitholders. Prior to the acquisition of One Twenty Five in Irving, Dallas, KORE's portfolio comprises a balanced mix of 12 quality freehold properties across seven key growth markets across the US. With approximately 4.3 million sf of quality spaces, KORE has a diversified base with low tenant concentration led by tenants in the growth and defensive sectors such as technology, finance and insurance, professional services, as well as medical and healthcare. KORE is a technology-focused office REIT with about 60% of the portfolio in the technology hubs of Seattle, Austin and Denver. The assets are The Plaza Buildings, Bellevue Technology Center and The Westpark Portfolio in Seattle, Washington; Great Hills Plaza and Westech 360 in Austin, Texas; as well as Westmoor Center in Denver, Colorado. The remaining properties in KORE's portfolio are located in key growth markets of the US, namely Iron Point in Sacramento, California; 1800 West Loop South and West Loop I & II in Houston, Texas; Powers Ferry and Northridge Center I & II in Atlanta, Georgia; as well as Maitland Promenade I & II in Orlando, Florida. With One Twenty Five in its portfolio, KORE will have a total of 13 quality freehold properties in eight key growth markets across the US, offering a total of over 4.7 million sf of quality spaces. KORE is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., which is jointly owned by two Sponsors, Keppel Capital Holdings Pte. Ltd. and KBS Pacific Advisors Pte. Ltd.

Corporate governance

Keppel-KBS US REIT’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.