Keppel Pacific Oak US REIT's (SGX:CMOU) income available for distribution fell 8.8% year over year to $11.9 million in the third quarter of the year from $13.1 million, a filing with the Singapore Exchange said on Wednesday.
Net property income slipped 8.8% year over year to $20.1 million from $22.1 million.
Gross revenue meanwhile, was down 2% year over year to $37.6 million from $38.4 million, mainly due to higher property expenses during the third quarter of the year.
The REIT's total portfolio occupancy stood at 88.7% compared to 90.7% in the previous quarter.
Shares of the REIT were down nearly 2% in recent trading.
Price (SGD): S$0.26, Change: S$-0.0050, Percent Change: -1.89%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.