0115 GMT - Keppel Pacific Oak US REIT is likely to see higher tenant take-up as U.S. office market conditions thaw, say DBS Group Research's Derek Tan and Dale Lai in a note. The REIT's core markets, such as Dallas, Seattle, and Denver appear to have more companies opting for largely work-in-office policies amid low new supply, the analysts say. Keppel Pacific Oak has spent significant capex on amenity upgrades over the past few years and seems well-positioned to benefit from improving office trends, they say. The REIT is also likely to resume distributions next year, and could offer a 25% and 50% payout ratio in 2026 and 2027, respectively, they add. DBS resumes coverage on the REIT with a buy rating and US$0.40 target price. Units gain 6.7% to US$0.24. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 11, 2025 20:15 ET (01:15 GMT)

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