Keppel Pacific Oak US REIT distributable income drops 16.2% in H1
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Keppel Pacific Oak US REIT reported a 16.2% decline in distributable income to $25.6 million for H1 2025, with no distribution declared due to a two-year suspension under its Recapitalisation Plan. This plan, initiated in February 2024, aims to manage capital requirements and leverage, with potential for earlier resumption of distributions depending on market conditions. Net property income also fell 3.2% to $52.37 million, attributed to increased repair costs. As of June 30, aggregate leverage was 43.7% with an interest coverage ratio of 2.5 times.
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