The share price of Keppel Pacific Oak US REIT has declined near 50% year-to-date and just lately closed at an all-time low of US$0.22.
Supply: Google Finance The persistent weak point appears to reflect what is going on at KORE’s peer, Manulife US REIT (MUST), because the latter faces a mortgage covenant breach and has temporarily halted distributions. This led buyers to surprise if we ought to be equally cautious about Keppel Pacific Oak US REIT.
What it’s good to learn about Keppel Pacific Oak US REIT’s woes
Keppel Pacific Oak US REIT, like Manulife US REIT, operates in an identical sub-market – the US workplace area. Therefore, buyers appear to understand that the challenges confronted by Keppel Pacific Oak US REIT, are much like MUST.
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