(1) based on the market closing price of US$0.70 per unit as at 30 June 2020.
Key growth markets with favourable economic and office fundamentals above the national average
On-site amenities for positive user experience
Attractive area amenities that decision makers and talent desire
High quality lease and financing structures that offer stability
Proximity to prestigious universities and an educated talent pool
Accessible to alternative transit options
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, Denver and Austin, which contribute about 54% cash rental income. It has over 440 distinct tenants, with no single tenant accounting for more than 3.5% of the portfolio. The REIT's top 10 tenants contribute only 19.5% of cash rental income.