Keppel Pacific Oak US REIT (CMOU.SI)

0.1410 -0.0020 (-1.40%) At close: 05:04PM SGT

Keppel Pacific Oak US REIT

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

Sector(s): Real Estate
Industry: REIT - Office
Full-time employees: 8

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Wei Yong Gwee	Chief Financial Officer of Keppel Pacific Oak US REIT Management Pte. Ltd.	N/A	N/A	1976
Ms. Brenda Hew	Deputy Manager of Investor Relations & Sustainability	N/A	N/A	N/A
Ms. Frances Teh	Director of Corporate Communications	N/A	N/A	N/A
Mr. Wei Ming Tan	Company Secretary of Keppel Pacific Oak US REIT Management Pte. Ltd.	N/A	N/A	N/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

Keppel Pacific Oak US REIT (KORE) is a distinctive office REIT listed on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017. KORE leverages its focus on the fastgrowing technology, advertising, media and information (TAMI), as well as medical and healthcare sectors across key growth markets in the United States (US), and aims to be the first choice US office S-REIT providing sustainable distributions and strong total returns for Unitholders. KORE invests in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets characterised by positive economic and office fundamentals that generally outpace the US national average, and the average of the gateway cities. These markets include the Super Sun Belt and 18-Hour Cities, which have and continue to see an accelerated influx of talent as part of The Great American Move. As at 31 December 2023, KORE's portfolio comprised a balanced mix of 13 freehold office buildings and business campuses across eight key growth markets driven by technology and innovation in the US. With a combined asset value of US$1.33 billion and an aggregate net lettable area of approximately 4.8 million sf, these properties encompass a diversified high-quality tenant base in the growing and defensive sectors of TAMI, as well as medical and healthcare, which make up 50.9% of KORE's portfolio by cash rental income. KORE is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., which is jointly owned by two Sponsors, Keppel, a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity, and KORE Pacific Advisors, an established commercial real estate investment manager in the US.

Corporate governance

Keppel Pacific Oak 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.