Keppel Kbs Us Should I Buy

KOREs 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 US with positive. 26 Oct 2017.

This Keppel Kbs Us Reit Rights Issue And Withholding Tax Debacle Investment Moats

We continue to believe that Keppel-KBS US REIT offers investors the opportunity to catch the next leg of the US office market upturn.

Keppel kbs us should i buy. As a quick introduction Keppel-KBS US REIT invests primarily in income-producing commercial and real estate assets in key growth markets of the US. KOREs counter name on the Singapore Exchange will also be changed to KepPacOakReitUSD. US095 5 upside and 66 yield Potential Catalyst.

Keppel Capital and KBS Asia Partners KAP have lodged their prospectus and will go ahead to list their Grade A Office REIT called Prime US REIT. According to a stock market announcement on Tuesday. Office properties across 7 major cities with an aggregate net lettable area NLA of 32m square feet valued at US829m.

351268 Price Target 12-mth. View the most recent target price fair value estimation changes Analysts Say Latest Price Targets Stock Ratings. Keppel-KBS US REITs 12 freehold office assets are located in seven key regional markets in the US which are seeing positive dynamics and should also benefit from tenants seeking cheaper rents and the flow of capital as investors pursue markets where asset prices.

KBS US Prime Property Management Pte Ltd which serves as the manager of real estate investment trust Prime US. Prime is trading at a price to the net asset value of 074 times based on its book value of US089 per share. This article will go through what I think about this REIT.

It is offering 2628m placement shares and 341m to the public. While Keppel-KBS US REITs stock price has soared over 30 year priced trading on a forward yield of 75. Then COVID-19 happened and Temasek pulled their takeover offer for Keppel.

Daiwa started coverage of Keppel DC REIT at Buy with a S300 target price saying the potential acquisition pipeline of 12 data center assets will be a major unit-price catalyst. Formerly known as Keppel-KBS US REIT Keppel Pacific Oak US REIT owns freehold commercial assets located across key growth markets in the US. Leslie Shaffer Sunday 12 September 2021 165420.

We covered this a few weeks back but long story short Temasek offered to buy a majority stake in Keppel for 735 but they dropped the offer after COVID-19 causing a big sell-off in the stock price. You can see the 5-year price chart below. As of 31 March 2020 Keppel Pacific Oak US REIT had 13 freehold office buildings and business campuses in its.

Keppel Pacific Oak US REIT KORE is a distinctive office REIT with freehold office buildings and business campuses located across key growth markets driven by innovation and technology in the United States US. RHB Group Researchs Vijay Natarajan has maintained his buy rating on Keppel Pacific Oak US REIT KORE with a target price of 90 US cents citing US office recovery. Keppel-KBS US REITs 12 freehold office assets are located in seven key regional markets in the US which are seeing positive dynamics and should also benefit from tenants seeking cheaper rents and the flow of capital as investors pursue markets where asset prices.

Well-diversified Tenant Base With Low Concentration Risk. Although there has been a slight delay in the timeline more employees are expected to return to the office in the US in. Keppel KBS US REIT Target Price.

Target Price Analyst Rating Fair Value Price Target. Should we annualise the 315 US cents distribution per unit to a projected 73 US cents Prime is currently trading at a yield of 109 based on a share price of US0665. JC PY BUY Initiating Coverage Last Traded Price 12 Jan 2018.

Keppel Capital together with partners from the US and Singapore has filed the final paperwork to launch a 813 million Singapore IPO of a set of 11 US commercial properties. In a filing on Thursday evening KORE says the new Pacific Oak Management Agreement which will replace the. Keppel-KBS US REIT is buying the Westpark campus just in time for fall.

Resolution 4 relates to the proposed renewal of the unit buy-back mandate of Keppel-KBS US REIT Management Pte. Keppel-KBS US Reit sponsored jointly by Keppel Capital and KBS Pacific Advisors is issuing 26277 million units at US088 a piece in an initial public offering IPO. The assets are reasonably well-located with amenities and residential neighbourhoods nearby.

So far in 2019 Keppel-KBSs share price was up by 213 from S061 to S074 as of writing. One of Prime US REITs assets in Atlanta Georgia. The intended IPO price is set to be US088 to raise gross proceeds of US5531 million.

Ltd as manager of Keppel-KBS US REIT the Manager. Watch Out For Keppel-KBS US REIT IPO. SINGAPORE Sept 6.

We continue to believe that Keppel-KBS US REIT offers investors the opportunity to catch the next leg of the US office market upturn. Under the management of KBS the Westpark Portfolio has undergone repositioning from an underutilized space to an amenities centre according to the US firm including providing fitness areas food truck service and conference facilities. Keppel-KBS US REIT KKREIT plans to raise gross proceeds of US553m at US088sh.

Keppel KBS is a Singapore listed real estate investment trust REIT which owns 11 office assets in 7 key regional markets in the USA. From what we understand there will be a Placement and public offer at a price of US088. From Tuesday Keppel KBS US REIT KORE will be known as Keppel Pacific Oak US REIT in preparation to outsource the management of its US tech office portfolio.

Currently it has 13 office properties located in seven key growth markets in the US. This certainly seems like an attractive yield. There will be a total of 923 million units.

Keppel-KBS US Reit has attracted my attention with its estimated 2018 distribution yield at 68 per cent and an expected distribution yield of 58 per cent for 2019. The Managers existing mandate to exercise its powers to procure the repurchases of units in Keppel-KBS US REIT Units for and on behalf of Keppel-KBS. The brokerage said its forecasts price in the near-term acquisition of five Guangdong right-of-first-refusal data centers with an assumed aggregate value of.

This will amount to a total return of a whopping 126 per cent yield for a good start. The REIT was listed on the Singapore stock market in November 2017 at an IPO price of US088. Westpark is a portfolio of 21 buildings located in the Redmond area most famous for being where the original Microsoft resides.

The portfolio includes 11 US. Keppel KBS proposed to acquire this portfolio for US170 mil. As such Keppel-KBS US REITs assets should continue to see demand even if market conditions worsen.

Our favourable view on Keppel-KBS US REIT is premised on its Seattle Austin and Denver and rising rents. With Keppel-KBS US REITs 2Q19 result in line with expectations we maintain our BUY call with a Target Price of US090.

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