S-REITs - Week 7

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It's been another tumultuous week for investors in US REITs. Keppel Pacific Oak US REIT's decision to suspend dividend distributions sent shockwaves through the market, resulting in a rollercoaster ride for US-related REITs in Singapore.

Lets have a quick dive into this week REITs Earnings Release by Far East Hospitality Trust, Keppel Pacific Oak US REIT

S-REITs Recap - Week 07

12 Feb - 18 Feb 2024

FAR EAST HOSPITALITY TRUST

( YTD: -2.26% )

FAR EAST HOSPITALITY TRUST SEES A 27.3% INCREASE IN INCOME AVAILABLE FOR DISTRIBUTION FOR THE FY 2023

Gross revenue increases 27.8% year-on-year (“YoY”) as all segments of the portfolio continue their strong post-pandemic recovery
RevPAR of Hotels and RevPAU of Serviced Residences increase 47.8% and 17.0% respectively YoY
Distribution per Stapled Security (“DPS”) records 25.1% YoY growth to reach 4.09 cents, surpassing pre-pandemic DPS of FY 2019.

For further information, please click here

KEPPEL PACIFIC OAK US REIT

( YTD: -60.53% )

Surprising Announcement!

Keppel Pacific Oak US REIT (KORE) achieved higher Net Property Income (NPI) of 2.2% for FY 2023
In addition, they announces Recapitalisation Plan
Suspension of Distributions

For further information, please click here

REITracker Highlights
REIT Name	Status
Keppel Pacific Oak US REIT	Halt Dividend since 14 Feb 2024
Manulife US REIT	Halt Dividend since 14 Aug 2023
EC World REIT	Halt Trading since 31 March 2023
Eagle Hospitality Trust	Halt Trading since 24 March 2020

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S-REITs - Week 7 - 2024

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