Keppel Pacific Oak US REIT ( (SG:CMOU) ) has provided an update.
Keppel Pacific Oak US REIT recently held a dialogue session discussing the proposed amendment to its Trust Deed concerning distributions. The company observed strong leasing activity in most markets during the fourth quarter of 2024, with positive sentiment in cities like Dallas, Austin, and Nashville, although Denver is expected to face challenges. The recent tariffs imposed by the US government have introduced uncertainties, potentially impacting the economy and employment, but may also lead to interest rate cuts that could benefit property valuations. Despite a decline in valuations in FY 2024, the company successfully increased occupancy to 90% by the end of the year, leveraging withheld distributions to support leasing momentum.
More about Keppel Pacific Oak US REIT
Keppel Pacific Oak US REIT is a real estate investment trust that focuses on managing a diversified portfolio of commercial properties across key growth markets in the United States. The company is primarily involved in leasing office spaces and aims to capitalize on market trends and tenant demands to enhance its portfolio’s value.
YTD Price Performance: -7.32%
Average Trading Volume: 1,248,608
Technical Sentiment Signal: Strong Buy
Current Market Cap: $198.4M
Learn more about CMOU stock on TipRanks’ Stock Analysis page.