Keppel Pacific Oak US REIT (CMOU) AI Stock Analysis

• Market Cap: $240.22M
• Dividend Yield: 24.56%
• Average Volume (3M): 1.91M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: -1.55%
• EPS Growth: 78.22%
• Country: SG
• Employees: 8
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.01
• Shares Outstanding: 1,044,450,200
• 10 Day Avg. Volume: 2,475,940
• 30 Day Avg. Volume: 1,912,610
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.31
• Enterprise Value/Revenue: 5.41
• Enterprise Value/Gross Profit: 14.92
• Enterprise Value/Ebitda: 20.60
• 1Y Price Target: $0.26
• Price Target Upside: 13.04% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: $0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by the mixed financial performance and challenging valuation. While technical analysis shows some positive momentum, the negative P/E ratio and lack of dividend yield weigh heavily on the stock's attractiveness. Addressing revenue decline and profitability issues could improve the financial outlook.

Positive Factors

Cash Flow Performance

Strong cash flow performance indicates effective cash management, providing the company with the ability to reinvest in its portfolio and manage debt, supporting long-term financial stability.

Portfolio Diversification

Diversification across key growth markets helps mitigate risks associated with economic downturns in specific regions, ensuring stable income streams and enhancing resilience.

Stable Gross Profit Margins

Stable gross profit margins suggest effective cost management and pricing strategies, which are crucial for maintaining profitability despite revenue challenges.

Negative Factors

Revenue Decline

Declining revenue indicates potential challenges in tenant retention or market demand, which could impact future income stability and growth prospects.

Negative Net Profit Margin

A negative net profit margin reflects underlying profitability issues, which may hinder the company's ability to generate sufficient returns and affect long-term financial health.

Declining Equity

A decline in equity suggests potential challenges in maintaining asset value or managing liabilities, which could affect the company's financial stability and investor confidence.

Keppel Pacific Oak US REIT Business Overview & Revenue Model

Company Description

Keppel Pacific Oak US REIT (CMOU) is a Singapore-based real estate investment trust listed on the Singapore Exchange. It focuses on investing in a diversified portfolio of income-producing commercial assets and real estate-related assets in the United States, particularly in key growth markets with strong economic and employment fundamentals. The REIT's portfolio primarily comprises office assets that cater to tenants from various sectors, including technology, energy, and financial services.

How the Company Makes Money

Keppel Pacific Oak US REIT generates revenue primarily through the leasing of its office properties to tenants, resulting in rental income. The REIT's revenue model is based on acquiring, managing, and enhancing the value of its property portfolio to ensure stable and growing rental income streams. In addition to rental income, the REIT may also earn money through property management fees and other ancillary services provided to tenants. Partnerships with local property managers and strategic acquisitions in high-demand markets further contribute to its earnings, allowing the REIT to capitalize on favorable market conditions and maintain a competitive advantage in the real estate sector.

Keppel Pacific Oak US REIT Financial Statement Overview

Summary

The financial performance is mixed. While cash flow is strong with positive operating and increasing free cash flow, the income statement shows revenue decline and negative net profit margins. The balance sheet is stable but shows a slight decline in equity.

Income Statement

The income statement exhibits fluctuating performance with a noticeable decline in revenue from 2023 to 2024. Gross profit margins are stable, but the net profit margin has been negative since 2023. EBIT and EBITDA margins have shown inconsistency, impacting profitability. Despite some earlier growth, recent revenue contraction suggests underlying challenges.

Balance Sheet

The balance sheet remains relatively stable with a moderate debt-to-equity ratio. Stockholders' equity has declined slightly over recent years, but asset levels remain consistent. Although leverage is manageable, the decrease in equity ratio suggests cautious optimism about financial stability.

Cash Flow

Cash flow performance is strong, marked by a positive operating cash flow and increasing free cash flow in 2024 compared to 2023. The company has improved its free cash flow to net income ratio, indicating better cash management despite negative net income. However, fluctuations in investing and financing cash flows pose potential risks.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	142.62M	151.57M	147.98M	138.58M	136.24M
Gross Profit	74.29M	80.30M	77.72M	76.33M	76.37M
EBITDA	15.79M	-74.31M	105.59M	104.82M	65.36M
Net Income	-6.89M	-67.72M	48.48M	77.35M	56.39M
Balance Sheet
Total Assets	1.39B	1.39B	1.52B	1.51B	1.37B
Cash, Cash Equivalents and Short-Term Investments	44.19M	43.78M	63.44M	50.98M	57.32M
Total Debt	604.82M	599.57M	577.72M	561.60M	503.87M
Total Liabilities	671.66M	670.47M	673.42M	659.67M	594.68M
Stockholders Equity	716.31M	723.20M	846.08M	853.89M	772.07M
Cash Flow
Free Cash Flow	73.99M	14.56M	35.74M	55.43M	48.28M
Operating Cash Flow	73.99M	61.26M	79.37M	82.92M	74.61M
Investing Cash Flow	-50.60M	-46.69M	-7.60M	-130.89M	-26.28M
Financing Cash Flow	-22.97M	-34.22M	-59.31M	41.63M	-29.23M

Keppel Pacific Oak US REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CMOU, the sentiment is Positive. The current price of 0.23 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.22, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:CMOU.

Keppel Pacific Oak US REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ODBU	74 Outperform	$302.73M	10.44	6.79%	6.63%	-1.34%	-6.08%
CMOU	61 Neutral	$240.22M	―	-2.12%	24.56%	-1.55%	78.22%
BTOU	47 Neutral	$135.02M	-0.56	―	―	-27.66%	-106.71%
BWCU	46 Neutral	S$226.75M	-2.25	-202.29%	―	-27.59%	80.19%
OXMU	46 Neutral	$261.65M	95.24	1.12%	1.16%	-12.01%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Keppel Pacific Oak US REIT Corporate Events

Keppel Pacific Oak US REIT Confirms Non-Applicability of US Withholding Tax for Non-US Unitholders

Keppel Pacific Oak US REIT has announced that the US withholding tax under Section 1446(f) of the US Internal Revenue Code does not apply to non-US unitholders transferring units in the REIT. This is because the REIT operates as a publicly traded partnership not engaged in US trade or business, thus exempting brokers from withholding the tax. The company has issued a Qualified Notice effective from 1 July 2025, confirming its status, and plans to continue issuing such notices quarterly. This announcement reassures unitholders and stakeholders of the REIT’s tax-efficient structure, potentially enhancing its attractiveness to international investors.

The most recent analyst rating on (SG:CMOU) stock is a Hold with a $0.28 price target. To see the full list of analyst forecasts on Keppel Pacific Oak US REIT stock, see the SG:CMOU Stock Forecast page.

Keppel Pacific Oak US REIT Announces Change in Trustee’s Registered Address

Keppel Pacific Oak US REIT Management Pte. Ltd. announced a change in the registered address of its trustee, Perpetual (Asia) Limited, to 38 Beach Road #23-11, South Beach Tower, Singapore. This change is part of the company’s administrative updates and does not impact the office address of the Trustee, which remains at 16 Collyer Quay, Singapore. The announcement is informational and does not affect the operations or market positioning of the REIT.

The most recent analyst rating on (SG:CMOU) stock is a Hold with a $0.28 price target. To see the full list of analyst forecasts on Keppel Pacific Oak US REIT stock, see the SG:CMOU Stock Forecast page.