US Portfolio Showcase

Key Highlights

13 Keppel Pacific Oak US REIT U.S. Office Properties
460+ Diversified Tenants
93.6% Portfolio committed occupancy as at end-2019
8 Key Growth Markets Driven By Innovation
14.3% Rental Reversion for FY 2019
~2.6% Average Annual Rent Escalations
17.8% of Portfolio Leased in FY 2019
7.7% Distribution Yield(1)

(1) based on the market closing price of US$0.78 per unit as at 31 December 2019
+36% of Tenants in Tech & Healthcare Sectors
19.4% Cash Rental Income Attributed to Top 10 Tenants
11.3% Increased Distribution per Unit (DPU) YOY for FY 2019 (6.01 US Cents)
31.4% Growth in Distributable Income YOY

Unique Portfolio Characteristics

Key Growth

Key growth markets with favourable economic and office fundamentals above the national average

Amenities

On-site amenities for positive user experience

Attractive Amenities

Attractive area amenities that decision makers and talent desire

Lease and Financing

High quality lease and financing structures that offer stability

Education

Proximity to prestigious universities and an educated talent pool

Transit

Accessible to alternative transit options

Well-Diversified
Tenant Base

Resilient portfolio with low tenant concentration risk

Keppel Pacific Oak US REIT's attractive freehold office buildings and business campuses are popular, especially among tenants in the tech hubs of Seattle, Austin and Denver, which contribute about 58% cash rental income. It has over 460 diversified tenants, with the largest representing just less than 4% of the portfolio. The REIT's top 10 tenants contribute only 19.4% of cash rental income and comprise 16.9% of portfolio NLA.

Portfolio By Tenant Base Composition (NLA)