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Keppel Pacific Oak US REIT Has Suspended its Distributions: Should Investors Sell the Stock?

Keppel Pacific Oak US REIT (SGX: CMOU), or KORE, is facing a tough time. The US office REIT just announced that distributions will be suspended for two years as it works on a recapitalisation plan. KORE’s unit price promptly plunged by 40% when the news broke, taking its year-to-date decline to close to 63%. With […]

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