XSESCMOU
Market cap161mUSD
Dec 23, Last price
0.21SGD
1D
2.44%
1Q
-22.22%
IPO
-75.16%
Name
Keppel Pacific Oak US REIT
Chart & Performance
Profile
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's investment strategy is to principally invest in a diversified portfolio of income-producing commercial assets and real estate-related assets in key growth markets of the United States (US) with positive economic and office fundamentals that generally outpace the US national average, and the average of the gateway cities, so as to provide sustainable distributions and strong total returns for Unitholders. KORE is managed by Keppel Pacific Oak US REIT Management Pte. Ltd., which is jointly owned by two Sponsors, Keppel Capital and KPA. KORE's portfolio comprises a balanced mix of 13 freehold office buildings and business campuses across eight key growth markets driven by innovation and technology in the US. The assets have a combined value of US$1.30 billion and an aggregate net lettable area of over 4.7 million sf. KORE has an extensive and diversified tenant base, some of which are from the growth and defensive sectors such as technology, as well as medical and healthcare, which will continue to support and drive growth. KORE is a technology-focused office REIT with over 50% of the portfolio located in the technology hubs of Seattle Bellevue/Redmond, Austin and Denver. The remainder of the portfolio is located in the key growth markets of Houston, Dallas, Orlando, Sacramento and Atlanta.
IPO date
Nov 09, 2017
Employees
8
Domiciled in
SG
Incorporated in
SG
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||
Revenues | 146,495 1.25% | 144,691 4.41% | 138,578 1.72% | |||||
Cost of revenue | 71,729 | 73,764 | 67,353 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 74,766 | 70,927 | 71,225 | |||||
NOPBT Margin | 51.04% | 49.02% | 51.40% | |||||
Operating Taxes | (31,023) | (452) | 12,961 | |||||
Tax Rate | 18.20% | |||||||
NOPAT | 105,789 | 71,379 | 58,264 | |||||
Net income | (67,725) -239.68% | 48,485 -37.32% | 77,350 37.18% | |||||
Dividends | (55,148) | (57,959) | (65,519) | |||||
Dividend yield | 14.08% | 12.07% | 8.33% | |||||
Proceeds from repurchase of equity | (500) | 65,000 | ||||||
BB yield | 0.13% | -8.26% | ||||||
Debt | ||||||||
Debt current | 74,957 | 10,220 | 123,175 | |||||
Long-term debt | 524,610 | 567,497 | 438,429 | |||||
Deferred revenue | 1,657 | 6,305 | ||||||
Other long-term liabilities | 6,522 | 4,942 | 5,636 | |||||
Net debt | 536,819 | 485,924 | 508,069 | |||||
Cash flow | ||||||||
Cash from operating activities | 61,257 | 79,374 | 82,919 | |||||
CAPEX | (46,694) | (43,630) | (27,490) | |||||
Cash from investing activities | (45,876) | (7,600) | (130,891) | |||||
Cash from financing activities | (34,222) | (59,315) | 41,625 | |||||
FCF | 71,004 | 74,818 | 61,070 | |||||
Balance | ||||||||
Cash | 43,777 | 63,436 | 50,977 | |||||
Long term investments | 18,971 | 28,357 | 2,558 | |||||
Excess cash | 55,423 | 84,558 | 46,606 | |||||
Stockholders' equity | 723,204 | 2,345,054 | 2,349,674 | |||||
Invested Capital | 1,273,870 | 1,345,835 | 1,380,833 | |||||
ROIC | 8.08% | 5.24% | 4.44% | |||||
ROCE | 5.53% | 4.78% | 4.81% | |||||
EV | ||||||||
Common stock shares outstanding | 1,044,450 | 1,043,516 | 983,533 | |||||
Price | 0.38 -18.48% | 0.46 -42.50% | 0.80 15.11% | |||||
Market cap | 391,669 -18.41% | 480,017 -38.99% | 786,826 20.56% | |||||
EV | 928,488 | 1,618,841 | 1,938,448 | |||||
EBITDA | 74,766 | 70,927 | 71,225 | |||||
EV/EBITDA | 12.42 | 22.82 | 27.22 | |||||
Interest | 24,443 | 18,497 | 14,507 | |||||
Interest/NOPBT | 32.69% | 26.08% | 20.37% |