Keppel-KBS US Reit prices IPO at 88 US cents per unit

OVERVIEW OF KEPPEL-KBS US REIT
Keppel-KBS US REIT is a Singapore REIT established with the investment strategy of principally
investing, directly or indirectly, in a diversified portfolio of income-producing commercial assets
and real estate-related assets in the key growth markets of the United States.

Keppel KBS US REIT IPO Prospectus

• Type = Office
• Sponsor = Keppel Capital and KBS Pacific Advisors
• Total Unit Offered = 262.77 Million
• Capitalization = US$553.1 Million (S$753.9 Million)
• Portfolio = 11 freehold offices in US
• Portfolio Size @ IPO = US$804 Million
• IPO Offer Price = US$0.88
• Number of units in issue = 628.565 Million
• NAV = US0.84
• Price / NAV = 1.0476
• Distribution Yield = 6.8% (2018), 7.2% (2019)
• WALE = 3.7 Years
• Occupancy Rate = 88.1%
• Gearing Ratio = 36%
• WADM = 4.5 Years
• Plan Listing: Nov 9, 2017
• Application period = Nov 2 to Nov 7, 2017

Portfolio

REIT Structure

Sponsor

Keppel KBS US REIT IPO Listing Time Table

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