0241 GMT - Keppel Pacific Oak US REIT's outlook is weighed by rising uncertainty over U.S. tariffs and U.S. recession odds, RHB Research's Vijay Natarajan says in a research report. Near-term office demand is expected to pause or slow down amid this uncertainty, the analyst says. The likelihood of a U.S. recession is increasing, which has diminished near-term U.S. office demand recovery prospects, the analyst adds. RHB cuts its 2025 and 2026 distributable income forecasts for the REIT by 10% and 12%, respectively. It downgrades the REIT's rating to neutral from buy and lowers the target price to US$0.19 from US$0.29. Units are 0.6% higher at US$0.18. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 20, 2025 22:41 ET (02:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.