0826 GMT - Keppel Pacific Oak US REIT is likely to benefit from some tailwinds in the U.S., UOB Kay Hian's Jonathan Koh says in a research report, as the brokerage raises the unit's target price to US$0.33 from US$0.32 with an unchanged buy rating. The U.S. government has taken the lead to return to a five-day workweek, providing impetus for the private sector to do the same, the analyst notes. This work-from-office momentum would support recovery in demand for space at office buildings such as those in the REIT's portfolio. Also, management expects physical occupancy to improve to a normalized level of 70% to 80% this year, the analyst adds. Units were unchanged at US$0.24. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 07, 2025 03:26 ET (08:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。