Economic ImpactEconomic growth could be impacted by inflation or recession, posing a risk of lower-than-expected rental income if office demand slows.
Rental ReversionKORE incurred negative rental reversion of 3.5% in 3Q24, dragged lower by new leases at The Plaza Buildings in Bellevue, which come with lower rents but also lower tenant incentives.
Stock PerformanceWhile the worst might be over, distribution resumption is likely still a year out, leading to delayed buying-in of the stock and likely sideways trading performance.