Keppel KBS US REIT
Client can invest this USD REIT into their fixed income core portfolio to generate 6.8% yield.
Details:
• Second REIT on US assets. First is Manulife US REIT.
• Dividend yield at 6.8% based on price of USD0.88 for FY2018.
• Dividend yield at 7.2% based on price of USD0.88 for FY2019.
• Portfolio includes 11 freehold properties spanning 3.2mil sq feet in 7 cities.
• When distributions are transferred from US to Singapore, the REIT pays no withdrawing tax.
• Gearing at 36%. Regulatory ceiling is 45%.
• Portfolio's organic growth is supported by rental escalations, positive rental reversions and high occupancy rates.
• 97.5% of the lock in leases have rental escalations of 2% to 3% built in.
• Average occupancy rates for FY2016 were 89.9%.
• Annual yield growth is 5.8%, mostly coming from rental escalation and rental reversions.
• Diversified tenant base includes medical technology, technology and financial services.
• Weighted average lease expiry is 3.7 years.
• REIT looks for key growth markets like Seattle, Sacramento, Denver, Austin, Houston, Atlanta and Orlando where GDP growth and employment are higher than US average. These places are attracting growth industries like tech or healthcare or finance.
Details:
• Second REIT on US assets. First is Manulife US REIT.
• Dividend yield at 6.8% based on price of USD0.88 for FY2018.
• Dividend yield at 7.2% based on price of USD0.88 for FY2019.
• Portfolio includes 11 freehold properties spanning 3.2mil sq feet in 7 cities.
• When distributions are transferred from US to Singapore, the REIT pays no withdrawing tax.
• Gearing at 36%. Regulatory ceiling is 45%.
• Portfolio's organic growth is supported by rental escalations, positive rental reversions and high occupancy rates.
• 97.5% of the lock in leases have rental escalations of 2% to 3% built in.
• Average occupancy rates for FY2016 were 89.9%.
• Annual yield growth is 5.8%, mostly coming from rental escalation and rental reversions.
• Diversified tenant base includes medical technology, technology and financial services.
• Weighted average lease expiry is 3.7 years.
• REIT looks for key growth markets like Seattle, Sacramento, Denver, Austin, Houston, Atlanta and Orlando where GDP growth and employment are higher than US average. These places are attracting growth industries like tech or healthcare or finance.
Comments
Post a Comment