---
title: "KORE US REIT distribution income rises 4.3% to $12.73m in Q1"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283085657.md"
description: "Kore US REIT reported a 4.3% increase in distribution income to $12.73 million for Q1 2026, with adjusted net property income rising 15.9% to $29.8 million. Aggregate leverage decreased to 43.7% from 44.1% at the end of 2025. Portfolio occupancy was at 85.1%, impacted by a known vacancy at Westpark. Leasing activity reached 58,157 square feet, with a rental reversion of 0.8%. The REIT also completed a lobby repositioning at the 10800 The Plaza Building."
datetime: "2026-04-17T03:30:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283085657.md)
  - [en](https://longbridge.com/en/news/283085657.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283085657.md)
---

# KORE US REIT distribution income rises 4.3% to $12.73m in Q1

**Adjusted net property income increased 15.9% to $29.8m (US$23.4m).**

Kore US Reit’s distribution income rose 4.3% year-on-year (YoY) to $12.73m (US$10m) for the first quarter of 2026.

Adjusted net property income increased 15.9% to $29.8m (US$23.4m), on the back of higher one-off other operating income, cash rental income, and lower other property expenses.

Aggregate leverage stood at 43.7% as at end-March 2026, compared with 44.1% as at 31 December 2025.

Portfolio occupancy was 85.1%, which the REIT said was affected by a known vacancy at Westpark.

Leasing activity for the quarter totalled 58,157 square feet, or 1.2% of net lettable area. Rental reversion came in at 0.8%.

During the quarter, the REIT completed the first-floor lobby repositioning at the 10800 The Plaza Building.

$1 = US$0.79

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