KORE’s 1QFY2024 distributable income 8.8% lower at US$11.9 mil mainly from higher financing costs

Felicia Tan04-17

KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.Keppel Pacific Oak US REIT (KORE) has reported gross revenue of US$37.1 million ($50.6 million) for the 1QFY2024 ended March 31, ...

Source Link

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428067543?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-17 00:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2428067543","market":"sg","top_or_hot":-1,"title":"KORE’s 1QFY2024 distributable income 8.8% lower at US$11.9 mil mainly from higher financing costs","media":"Felicia Tan","content":"<div>\n<p>KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.Keppel Pacific Oak US REIT (KORE) has reported gross revenue of US$37.1 million ($50.6 million) for the 1QFY2024 ended March 31, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/kores-1qfy2024-distributable-income-88-lower-us119-mil-mainly-higher-financing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KORE’s 1QFY2024 distributable income 8.8% lower at US$11.9 mil mainly from higher financing costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKORE’s 1QFY2024 distributable income 8.8% lower at US$11.9 mil mainly from higher financing costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 00:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/results/kores-1qfy2024-distributable-income-88-lower-us119-mil-mainly-higher-financing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.Keppel Pacific Oak US REIT (KORE) has reported gross revenue of US$37.1 million ($50.6 million) for the 1QFY2024 ended March 31, ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/results/kores-1qfy2024-distributable-income-88-lower-us119-mil-mainly-higher-financing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KORE","symbol_name":"KORE Wireless Group, Inc.","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/results/kores-1qfy2024-distributable-income-88-lower-us119-mil-mainly-higher-financing?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2428067543","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428067543","pubTimestamp":1713286370,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"KORE":"KORE Wireless Group, Inc.","CFA.SI":"NikkoAM-STC Asia REIT","BK4202":"服装、服饰与奢侈品","BK4132":"无线电信业务","CRI":"卡特"},"translate_title":"KORE 2024财年第一季度可分配收入下降8.8%，至美国1190万美元，主要原因是融资成本上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRI":1,"KORE":1,"CFA.SI":0.77},"content_text":"KORE's gross revenue for the 1QFY2024 stood flat at US$37.1 million.Keppel Pacific Oak US REIT (KORE) has reported gross revenue of US$37.1 million ($50.6 million) for the 1QFY2024 ended March 31, unchanged y-o-y.\nNet property income (NPI) dipped by 0.8% y-o-y to US$21 million.\nAdjusted NPI, which non-cash straight-line rent, lease incentives and amortisation of leasing commissions, rose by 0.4% y-o-y to US$21.6 million.\nIncome available for distribution, however, fell by 8.8% y-o-y to US$11.9 million. This was mainly due to higher financing costs from the higher interest rates.\nFinance and other trust expenses stood at US$7.7 million during the quarter, 14.9% higher y-o-y.\nAs at end-March, KORE’s total occupancy stood at 90.1%, 0.2 percentage points lower y-o-y. Portfolio weighted average lease expiry (WALE) was 3.8 years by cash rental income (CRI) and 3.7 years by net lettable area (NLA).\nThe REIT’s aggregate leverage was 43.0% with an interest coverage of 3.0 times. KORE’s total debt as at the end of March was US$607.2 million of external loans with 69% of loans hedged through floating-to-fixed interest rate swaps.\nUnits in KORE closed at 14 US cents on April 16.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428067543"}