Kore Us Reit · SGX:CMOU
Kore Us Reit — Keppel Pacific Oak US REIT — Investor Presentation (April 2025)
12 slides from Kore Us Reit's investor presentation, Apr 3, 2025
Slide 1: Guest Presentation by Keppel Pacific Oak US REIT (hosted by Phillip Securities)
Guest Presentation by Keppel Pacific Oak US REIT (hosted by Phillip Securities) 3 April 2025
Slide 2: FY 2024 Key Highlights
FY 2024 Key Highlights Bellevue Technology Center Amenity Building Patio Bellevue, Washington
Slide 3: FY 2024 Key Highlights
FY 2024 Key Highlights Portfolio Committed Occupancy Portfolio Valuation Adjusted Net Property Income (NPI) 90.0% US$1.33 billion US$83.4 million Portfolio value remained stable year-on- Excluding the non-cash adjustments such as Portfolio committed occupancy was year (y-o-y) at US$1.33 billion as a
Slide 4: Financial Position
Financial Position As at 31 December 2024 Debt Maturity Profile (as at 31 December 2024) Total Debt • US$607.2 million of external loans 100% of Loans Unsecured Available Facilities • US$61.0 million of uncommitted revolving credit facility 29.6% • US$36.8 million of committed 25.5% 26.9% revolving
Slide 5: Financial Position (con't)
Financial Position (con’t) Interest Rate Exposure Interest Coverage Ratio (ICR)(3) Sensitivity Following the revisions(4) made to paragraphs 11.1 (i) and (j) of Appendix 6 on the Code on Collective Investment Floating Schemes on 28 November 2024 to rationalise leverage Debt requirements for the Sing
Slide 6: Proposed Trust Deed Amendment in Relation to Distributions
Proposed Trust Deed Amendment in Relation to Distributions The Plaza Buildings Bellevue, Washington
Slide 7: Background on KORE's Recapitalisation Plan
Background on KORE’s Recapitalisation Plan In February 2024, the Manager had announced plans to recapitalise via the suspension of distributions(1), which is expected to last through to the second half of 2025 in respect of distributions that would otherwise be paid in first half of 2026. Existing t
Slide 8: Proposed Trust Deed Amendment
Proposed Trust Deed Amendment In anticipation of the time when KORE re-commences distributions, originally planned to be 2H 2026 or possibly earlier if market conditions allow, and taking into account the necessary capital investments for KORE in relation to its portfolio, the Manager proposes to am
Slide 9: Long-term Interest of KORE and Unitholders Aligned
Long-term Interest of KORE and Unitholders Aligned Preserve capital to meet capital requirements for the Leverage considerations Sustainable long-term returns United States (US) office US office market requires substantial It is not sustainable for the Manager Funds not distributed can be capi
Slide 10: Seeking Unitholders' approval on the Proposed Trust Deed Amendment
Seeking Unitholders’ approval on the Proposed Trust Deed Amendment SRS investors may appoint the Chairman as 7 April 2025 (Monday), 5.00 p.m. proxy to vote on his/her behalf at the EGM Every vote Deadline for Relevant Intermediary counts Unitholders to approach their respective 7 April 2025 (Monday)
Slide 11: Thank You
Thank You For more information, please visit www.koreusreit.com Connect with us on: Westmoor Center Denver, Colorado
Slide 12: Important Notice
Important Notice The past performance of Keppel Pacific Oak US REIT is not necessarily indicative of its future performance. Certain statements made in this release may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties and
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