2 stories mentioning SGX:CMOUUpdated 40d ago
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KORE US REIT (SGX:CMOU) secured a revolving credit facility of $40 million, according to an after-market filing with the Singapore Exchange on Tuesday.Under the terms and conditions, the borrower will be required to clear all outstanding dues under the facility within 10 business days based on certain stipulations.
Kore US REIT's (SGX:CMOU) net property income or NPI jumped 14% in the first quarter of the year to $22.3 million from $19.7 million a year earlier, according to a Friday filing with the Singapore Exchange.Income available for distribution was up 4.3% to $10.0 million from $9.6 million in the year-ago period.Gross revenue rose 5.1% year over year to $38.7 million from $36.9 million.Portfolio occupancy stood at 85.1%, backed by positive rental reversion of 0.8%.
