US Portfolio Showcase

Key Highlights

13 Keppel Pacific Oak US REIT U.S. Office Properties
~400 Distinct Tenants
92.6% Portfolio committed occupancy as at 31 December 2022
8 Key Growth Markets Driven By Tech & Innovation
US$1.42B Portfolio Valuation
US$60.6M Distributable Income for FY 2022
13.7% of Portfolio Leased in FY 2022
49.0% of Tenants in TAMI, Medical & Healthcare Sectors
38.2% Aggregate Leverage
5.80 US Cents Distribution per Unit for FY 2022
3.8% Positive Rental Reversion
24.3% Low Tenant Concentration Risk
Seattle - Bellevue/
Redmond
Washington
Combined NLA 1,603,687 SF
Combined Carrying Value US$725.0M
Portfolio Weight 50.90%
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Austin
Texas
Combined NLA 316,277 SF
Combined Carrying Value US$88.5M
Portfolio Weight 6.2%
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Denver
Colorado
Combined NLA 799,121 SF
Combined Carrying Value US$190.17M
Portfolio Weight 13.4%
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Nashville
TENNESSEE
Combined NLA 199,194 SF
Combined Carrying Value US$43.3M
Portfolio Weight 3.0%
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Houston
Texas
Combined NLA 713,974 SF
Combined Carrying Value US$128.2M
Portfolio Weight 9.0%
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Dallas
Texas
Combined NLA 445,317 SF
Combined Carrying Value US$105.6M
Portfolio Weight 7.4%
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Orlando
Florida
Combined NLA 464,430 SF
Combined Carrying Value US$93.8M
Portfolio Weight 6.6%
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Sacramento
California
Combined NLA 211,887 SF
Combined Carrying Value US$48.8M
Portfolio Weight 3.5%
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Portfolio Characteristics

Key Growth

Key growth markets with positive economic and office fundamentals

Amenities

Exposure to the fast-growing TAMI, medical and healthcare sectors

Attractive Amenities

Attractive location and on-site 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 educated talent pools

Transit

Accessibility 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 - Bellevue/Redmond, Austin, and Denver, which contribute over 65% of net property income. It has 400 distinct tenants, with no single tenant accounting for more than 3.6% of the portfolio. The REIT's top 10 tenants contribute only 24.3% of cash rental income.

Portfolio Industry Diversification (by NLA)
as at 31 December 2022