Kore US REIT's NPI Up 14% in in Q1

MT Newswires

04/17

Kore US REIT's (SGX:CMOU) net property income or NPI jumped 14% in the first quarter of the year to $22.3 million from $19.7 million a year earlier, according to a Friday filing with the Singapore Exchange.

Income available for distribution was up 4.3% to $10.0 million from $9.6 million in the year-ago period.

Gross revenue rose 5.1% year over year to $38.7 million from $36.9 million.

Portfolio occupancy stood at 85.1%, backed by positive rental reversion of 0.8%.

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