Keppel Pacific Oak US REIT announced on Oct, 28 2025 that it has completed the refinancing of all loans due in 2025 and secured a lender commitment to early refinance 59 per cent of the facilities maturing in 2026.

The trust’s portfolio occupancy remained unchanged at 88.0 per cent during the quarter, supported by new and renewal leases covering 168,542 square feet, bringing total leasing volume for the first nine months of 2025 to 449,772 square feet.

Positive rental reversions were recorded at 36.0 per cent for the third quarter and 9.6 per cent for the nine-month period. Aggregate leverage stood at 43.1 per cent, while the interest coverage ratio was 2.5 times.

Income available for distribution for the nine months fell 14.8 per cent year-on-year, mainly due to lower adjusted net property income and higher finance costs, taxes and professional fees.

The REIT said it is on track to restart unitholder distributions for the first half of 2026, with payments expected in the second half of 2026, and plans to adopt a conservative initial payout ratio.