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

Singapore Business Review
2026.04.17 03:30
portai
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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.