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Kore US Reit
(SGX:CMOU)
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Rating:54Neutral
Price Target:
$0.15
▼(-12.94% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by strong TTM revenue growth and robust operating-level margins, with solid current-period cash generation and moderate leverage. Offsetting this, net income has been inconsistent with low ROE and a negative P/E, while technicals show a weaker longer-term trend (below the 200-day average) and only neutral-to-mixed momentum.
Positive Factors
Revenue and operating margins
Strong top-line growth combined with high gross and EBIT margins indicates that the portfolio is generating substantial operating income from its property base. If maintained, this operating performance can support recurring rental cash flows, internal funding capacity, and resilience across the next several quarters.
Negative Factors
Thin and volatile net profitability
Despite strong operating-level margins, limited net margin and repeated annual losses show that earnings after financing and other costs remain fragile. This weak bottom-line consistency can reduce the reliability of distributable income and make results more sensitive to changes in the cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and operating margins
Strong top-line growth combined with high gross and EBIT margins indicates that the portfolio is generating substantial operating income from its property base. If maintained, this operating performance can support recurring rental cash flows, internal funding capacity, and resilience across the next several quarters.
Read all positive factors
Kore US Reit (CMOU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$151.45M
Dividend Yield4.44%
Average Volume (3M)1.08M
Price to Earnings (P/E)36.3
Beta (1Y)0.58
Revenue Growth3.79%
EPS GrowthN/A
CountrySG
Employees9
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,044,450,200
10 Day Avg. Volume1,278,740
30 Day Avg. Volume1,078,385
Financial Highlights & Ratios
PEG Ratio1.47
Price to Book (P/B)0.34
Price to Sales (P/S)1.62
P/FCF Ratio41.57
Enterprise Value/Market Cap4.99
Enterprise Value/Revenue4.96
Enterprise Value/Gross Profit9.65
Enterprise Value/Ebitda20.87
Forecast
1Y Price Target
$0.20Price Target Upside17.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)$149.50M
Kore US Reit Business Overview & Revenue Model
Company Description
Keppel Pacific Oak US REIT, known as KORE, is an established office-focused Real Estate Investment Trust, having commenced trading on the main board of the Singapore Exchange (SGX-ST) on November 9, 2017. Its core mandate involves strategically ac...
How the Company Makes Money
KORE US REIT primarily makes money by acquiring and owning U.S. commercial properties (predominantly data centers) and leasing them to tenants in exchange for contracted rent. The key revenue stream is rental income collected under lease agreement...
Kore US Reit Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.25M | 151.54M | 142.62M | 150.76M | 147.98M | 141.26M |
| Gross Profit | 78.31M | 76.99M | 74.29M | 80.30M | 77.72M | 76.33M |
| EBITDA | 36.19M | 63.60M | 15.79M | 76.78M | 105.59M | 85.66M |
| Net Income | 4.30M | -4.08M | -6.89M | -67.72M | 48.48M | 77.35M |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.39B | 1.39B | 1.39B | 1.52B | 1.51B |
| Cash, Cash Equivalents and Short-Term Investments | 41.26M | 56.29M | 44.19M | 43.78M | 63.44M | 50.98M |
| Total Debt | 604.64M | 612.93M | 604.82M | 599.57M | 577.72M | 561.60M |
| Total Liabilities | 668.15M | 677.50M | 671.66M | 670.47M | 673.42M | 659.67M |
| Stockholders Equity | 729.74M | 712.24M | 716.31M | 723.20M | 846.08M | 853.89M |
Cash Flow | ||||||
| Free Cash Flow | 76.28M | 5.91M | 22.07M | 14.56M | 35.74M | 55.43M |
| Operating Cash Flow | 76.28M | 51.24M | 75.70M | 61.26M | 79.37M | 82.92M |
| Investing Cash Flow | -43.85M | -45.33M | -50.60M | -46.69M | -7.60M | -130.89M |
| Financing Cash Flow | -39.47M | 6.19M | -22.97M | -34.22M | -59.31M | 41.63M |
Kore US Reit Technical Analysis
Negative
0.17
Price Trends
0.16
Negative
0.17
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
35.16
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CMOU, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 35.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CMOU.
Kore US Reit Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $259.36M | 10.39 | 5.55% | 10.49% | 2.71% | -14.82% | |
57 Neutral | $146.62M | 8.72 | 2.16% | 7.30% | -1.67% | 461.90% | |
54 Neutral | $151.45M | 36.25 | 0.60% | 4.44% | 3.79% | ― | |
51 Neutral | S$221.90M | -1.80 | -19.76% | 6.70% | -21.22% | -1083.67% | |
48 Neutral | $130.52M | -4.93 | -6.67% | 3.78% | -3.80% | -16.28% | |
42 Neutral | $58.63M | -1.65 | -10.70% | 16.96% | -25.31% | 87.46% |
* Real Estate Sector Average
SG:CMOU
Kore US Reit
0.15
-0.08
-36.12%
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IREIT Global
0.17
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-40.00%
SG:OXMU
Prime US REIT
0.10
-0.09
-47.96%
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ARA US Hospitality Trust
0.23
-0.04
-13.46%
SG:BTOU
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0.03
-0.04
-56.00%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.43
-0.03
-6.39%
Kore US Reit Corporate Events
KORE US REIT Boosts Occupancy and Income with Spec-Suite Strategy and New Refinancing Facility
Oct 27, 2026
KORE US REIT reported sustained leasing momentum in the third quarter and first nine months of 2026, executing 245,836 square feet of leases in 3Q and 796,358 square feet year-to-date, equivalent to 5.1% and 16.6% of net lettable area respectively...
KORE US REIT Expands Spec-Suite Strategy With New Bellevue Development
Oct 13, 2026
KORE US REIT has completed The Post, its fourth full-floor spec-suite development and second at The Plaza Buildings in Bellevue, Washington, delivering 15,400 square feet across six studio suites and a dedicated amenity hub. The project is designe...
KORE US REIT Reaffirms Non-U.S. Tax Withholding Status Under Section 1446(f)
Sep 30, 2026
KORE US REIT has reaffirmed that U.S. withholding tax under Section 1446(f) does not apply to transfers of its units by non-U.S. unitholders because the trust operates as a publicly traded partnership that is not treated as engaged in a U.S. trade...
KORE US REIT Secures US$120 Million Loan Tied to Management Stability
Sep 9, 2026
KORE US REIT has secured a three-year term loan facility totaling US$120 million under a new facility agreement signed on 9 September 2026, with Perpetual (Asia) Limited acting as borrower in its capacity as trustee. The loan includes conditions t...
KORE US REIT Taps US$120m Loan to Refinance 2027 Debt and Extend Maturities
Sep 9, 2026
KORE US REIT has secured a new US$120 million loan facility that is expected, upon drawdown, to cover about 65% of its loans maturing in 2027, extending its weighted average debt maturity from 1.7 to 2.1 years and leaving no term loans due for the...
KORE US REIT lifts occupancy with 10-year lease at Redmond’s Westpark campus
Aug 3, 2026
KORE US REIT has secured a 10-year lease for approximately 32,000 square feet at The Westpark Portfolio in Redmond, Washington, with a global life sciences instrumentation tenant that will use the space for office, RD, light manufacturing, laborat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.