KORE US REIT (SGX:CMOU)
Singapore · Delayed Price · Currency is SGD · Price in USD | Market Cap | 236.36M -14.1% |
| Revenue (ttm) | 197.03M +3.8% |
| Net Income | 5.57M |
| EPS | 0.01 |
| Shares Out | 1.04B |
| PE Ratio | 42.98 |
| Forward PE | 5.45 |
| Dividend | 0.01 (4.52%) |
| Ex-Dividend Date | Aug 4, 2026 |
| Volume | 219,300 |
| Open | 0.1790 |
| Previous Close | 0.1780 |
| Day's Range | 0.1770 - 0.1790 |
| 52-Week Range | 0.1640 - 0.2650 |
| Beta | 1.65 |
| Analysts | Strong Buy |
| Price Target | 0.30 (+69.49%) |
| Earnings Date | Jul 28, 2026 |
About KORE US REIT
KORE US REIT (KORE) is a distinctive US office REIT listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) on 9 November 2017. The name (KORE) stands for Keppel Office Real Estate. KORE aims to be the first-choice US office S-REIT, delivering sustainable distributions and strong total returns to Unitholders. KORE invests in a diversified mix of income producing commercial and real estate related assets in key growth markets across the US, characterized by strong economic fundamentals and attractive lifestyle attr... [Read more]
Financial Performance
In 2025, KORE US REIT's revenue was $150.17 million, an increase of 2.55% compared to the previous year's $146.44 million. Losses were -$4.08 million, -40.89% less than in 2024.
Financial numbers in USD Financial StatementsAnalyst Summary
According to 3 analysts, the average rating for CMOU stock is "Strong Buy." The 12-month stock price target is $0.30, which is an increase of 69.49% from the latest price.
News
KORE US REIT Transcript: Transcript
Refinancing of all near-term debt maturities enabled early distribution resumption, with stable portfolio valuation and robust leasing activity. Occupancy is expected to remain in the mid-80% range despite known vacates, and capex will focus more on leasing. Asset manager transition is underway with no operational impact expected.
KORE US REIT Transcript: Transcript
Leasing momentum remained positive in H1 2025, with 281,000 sq ft leased and occupancy at 88.2%, though NPI and distributable income declined year-on-year. Refinancing is underway, with distributions expected to resume in H1 2026 at a lower level, and office demand in key growth markets remains resilient.
KORE US REIT Transcript: Transcript
Committed occupancy rose to 90% in 2024, with record leasing volumes and stable portfolio value despite a fair value loss. Distributions remain suspended until 2026, with $50 million budgeted for CapEx and TIs in 2025. Rising financing costs and known vacates will pressure occupancy, but operational performance and market recovery are expected to support future growth.
KORE US REIT Transcript: Transcript
Leverage decreased to 42.7% as refinancing progressed and distributions remain suspended through 2025. Occupancy improved to 90.7% with strong leasing in key tech hubs, but income available for distribution fell 8.8% year-on-year due to higher financing costs. CapEx is focused on TIs and spec suites, with stable rent and cautious outlook on asset sales and distributions.
KORE US REIT Transcript: Transcript
Leasing momentum remained strong with over 550,000 sq ft signed and occupancy at 85.3%, supported by asset enhancements and a successful spec suite strategy. Financial performance was stable, with income available for distribution up 2.1% year-over-year and a new $40 million credit facility bolstering liquidity.