On Feb 15, Keppel Pacific Oak US REIT’s (KORE) manager announced it plans to suspend distributions. KORE share has seen fallen 42%. Since 31 Dec 2023, its down 61%. What is the crux of this catastrophe?
Month: February 2024
Evergreen SREITS
We saw quite a few mergers of SREITS in the past couple of years. There are now 39 SREITS listed in SGX, down from 44 in 2022.
It may shock you that of these 39 SREITS, only 10 are now above their IPO price. Note that this does not take into account of the dividends received.