US Portfolio Showcase

Key Highlights

13 Keppel Pacific Oak US REIT U.S. Office Properties
440+ Distinct Tenants
94.3% Portfolio committed occupancy as at 30 Jun 2020
8 Key Growth Markets Driven By Innovation
14.7% Rental Reversion for 1H 2020
~2.6% Average Annual Rent Escalations
4.2% of Portfolio Leased in 1H 2020
8.6% Distribution Yield(1)

(1) based on the market closing price of US$0.70 per unit as at 30 June 2020.
+37.6% of Tenants in Tech & Healthcare Sectors
19.5% Cash Rental Income Attributed to Top 10 Tenants
3.3% Increased Distribution per Unit (DPU) YOY for 1H 2020 (3.10 US Cents)
17.6% Growth in Distributable Income YOY
Seattle
Washington
Combined NLA 1,603,687 SF
Combined Carrying Value US$618.9M
Portfolio Weight 38.9%
Go to Market
Denver
Colorado
Combined NLA 612,890 SF
Combined Carrying Value US$132M
Portfolio Weight 9.5%
Go to Market
Austin
Texas
Combined NLA 314,781 SF
Combined Carrying Value US$90.7M
Portfolio Weight 5.9%
Go to Market
Houston
Texas
Combined NLA 713,974 SF
Combined Carrying Value US$135M
Portfolio Weight 13.1%
Go to Market
Dallas
Texas
Combined NLA 445,317 SF
Combined Carrying Value US$102M
Portfolio Weight 10.7%
Go to Market
Orlando
Florida
Combined NLA 460,737 SF
Combined Carrying Value US$96M
Portfolio Weight 11.2%
Go to Market
Sacramento
California
Combined NLA 211,944 SF
Combined Carrying Value US$39.4M
Portfolio Weight 5.0%
Go to Market
Atlanta
Georgia
Combined NLA 338,297 SF
Combined Carrying Value US$ 42.5M
Portfolio Weight 5.7%
Go to Market

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, 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.

Portfolio Industry Diversification (by NLA)
as at 30 June 2020