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Kore US Reit (SG:CMOU)
SGX:CMOU
Singapore Market
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Kore US Reit (CMOU) AI Stock Analysis

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SG:CMOU

Kore US Reit

(SGX:CMOU)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
$0.19
▼(-20.42% Downside)
Action:ReiteratedDate:02/05/26
The score is primarily constrained by financial performance—ongoing net losses and weakening cash generation with free cash flow falling to zero in 2025. Technicals are neutral overall and do not offset the fundamentals. Valuation is also pressured by the negative P/E (loss-making profile) and lack of provided dividend yield.
Positive Factors
Stable revenue & strong property margins
A return to revenue growth in 2025 combined with consistently strong property-level gross margins (~51–55%) indicates resilient leasing economics. Durable property margins support stable recurring cash flow from operations, aiding distributable income and underwriting of asset-level reinvestment.
Negative Factors
Recurring net losses; negative ROE
Sustained net losses and persistently negative return on equity since 2023 erode retained capital and reduce the REIT’s ability to self-fund improvements or cushion downturns. Over time this can constrain distribution capacity and force reliance on external financing or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable revenue & strong property margins
A return to revenue growth in 2025 combined with consistently strong property-level gross margins (~51–55%) indicates resilient leasing economics. Durable property margins support stable recurring cash flow from operations, aiding distributable income and underwriting of asset-level reinvestment.
Read all positive factors

Kore US Reit (CMOU) vs. iShares MSCI Singapore ETF (EWS)

Kore US Reit Business Overview & Revenue Model

Company 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's investment strategy is to principally invest in a diversified portfoli...
How the Company Makes Money
The REIT primarily makes money from recurring rental income generated by leasing space in its U.S. office properties to tenants under lease agreements. This rental income typically includes base rent and may also include recoveries and reimburseme...

Kore US Reit Financial Statement Overview

Summary
Income statement shows stable revenue with a return to growth in 2025 and strong property-level margins, but recurring net losses since 2023 remain a major drag. Balance sheet leverage looks manageable for the sector, yet negative ROE since 2023 is a concern. Cash flow is the weakest area: operating cash flow fell in 2025 and free cash flow dropped to zero, reducing financial flexibility.
Income Statement
56
Neutral
Balance Sheet
61
Positive
Cash Flow
45
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue146.62M151.54M142.62M150.76M147.98M141.26M
Gross Profit72.07M76.99M74.29M80.30M77.72M76.33M
EBITDA0.0063.60M15.79M-74.31M105.59M85.66M
Net Income-15.57M-4.08M-6.89M-67.72M48.48M77.35M
Balance Sheet
Total Assets1.40B1.39B1.39B1.39B1.52B1.51B
Cash, Cash Equivalents and Short-Term Investments46.31M56.29M44.19M43.78M63.44M50.98M
Total Debt610.72M612.93M604.82M599.57M577.72M561.60M
Total Liabilities675.11M677.50M671.66M670.47M673.42M659.67M
Stockholders Equity728.05M712.24M716.31M723.20M846.08M853.89M
Cash Flow
Free Cash Flow69.31M0.0022.07M14.56M35.74M55.43M
Operating Cash Flow69.31M51.24M75.70M61.26M79.37M82.92M
Investing Cash Flow-42.72M-45.33M-50.60M-46.69M-7.60M-130.89M
Financing Cash Flow-22.23M6.19M-22.97M-34.22M-59.31M41.63M

Kore US Reit Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.24
Price Trends
50DMA
0.20
Negative
100DMA
0.22
Negative
200DMA
0.22
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
48.72
Neutral
STOCH
80.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CMOU, the sentiment is Negative. The current price of 0.24 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.20, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 80.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CMOU.

Kore US Reit Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
64
Neutral
$316.25M14.904.67%8.23%-1.34%-6.08%
56
Neutral
$255.87M12.972.75%2.40%-12.01%
52
Neutral
$145.03M-11.15-4.00%5.06%-6.01%-36.46%
51
Neutral
$198.45M-0.27%-1.55%78.22%
43
Neutral
S$329.49M-4.180.97%8.37%-11.29%
43
Neutral
$99.49M-2.04-37.68%-27.66%-106.71%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:CMOU
Kore US Reit
0.19
0.01
6.78%
SG:UD1U
IREIT Global
0.24
0.01
6.19%
SG:OXMU
Prime US REIT
0.18
0.06
53.85%
SG:XZL
ARA US Hospitality Trust
0.25
0.05
26.94%
SG:BTOU
Manulife US REIT
0.06
>-0.01
-3.45%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.53
0.12
29.95%

Kore US Reit Corporate Events

Keppel Pacific Oak US REIT Prepares New US Asset Management Tie-Up as Substantial Unitholder Mulls Exit
Feb 3, 2026
Keppel Pacific Oak US REIT’s manager has begun late-stage negotiations with a new third-party US asset manager and expects to terminate its current outsourcing arrangement with Pacific Oak Capital Advisors, which presently manages KORE&#8217...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 05, 2026