diff --git a/kube-runtime/src/reflector/dispatcher.rs b/kube-runtime/src/reflector/dispatcher.rs
index 1060dab2b..525d01ff6 100644
--- a/kube-runtime/src/reflector/dispatcher.rs
+++ b/kube-runtime/src/reflector/dispatcher.rs
@@ -70,6 +70,11 @@ where
     pub(crate) fn subscribe(&self, reader: Store<K>) -> ReflectHandle<K> {
         ReflectHandle::new(reader, self.dispatch_tx.new_receiver())
     }
+
+    // Return a number of active subscribers to this shared sender.
+    pub(crate) fn subscribers(&self) -> usize {
+        self.dispatch_tx.receiver_count()
+    }
 }
 
 /// A handle to a shared stream reader
@@ -132,10 +137,12 @@ where
     fn poll_next(self: Pin<&mut Self>, cx: &mut Context<'_>) -> Poll<Option<Self::Item>> {
         let mut this = self.project();
         match ready!(this.rx.as_mut().poll_next(cx)) {
-            Some(obj_ref) => this
-                .reader
-                .get(&obj_ref)
-                .map_or(Poll::Pending, |obj| Poll::Ready(Some(obj))),
+            Some(obj_ref) => if obj_ref.extra.remaining_lookups.is_some() {
+                this.reader.remove(&obj_ref)
+            } else {
+                this.reader.get(&obj_ref)
+            }
+            .map_or(Poll::Pending, |obj| Poll::Ready(Some(obj))),
             None => Poll::Ready(None),
         }
     }
@@ -145,8 +152,7 @@ where
 #[cfg(test)]
 pub(crate) mod test {
     use crate::{
-        watcher::{Error, Event},
-        WatchStreamExt,
+        reflector::ObjectRef, watcher::{Error, Event}, WatchStreamExt
     };
     use std::{pin::pin, sync::Arc, task::Poll};
 
@@ -232,8 +238,9 @@ pub(crate) mod test {
         let foo = Arc::new(foo);
         let _bar = Arc::new(bar);
 
-        let (_, writer) = reflector::store_shared(10);
+        let (reader, writer) = reflector::store_shared(10);
         let mut subscriber = pin!(writer.subscribe().unwrap());
+        let mut other_subscriber = pin!(writer.subscribe().unwrap());
         let mut reflect = pin!(st.reflect_shared(writer));
 
         // Deleted events should be skipped by subscriber.
@@ -241,7 +248,11 @@ pub(crate) mod test {
             poll!(reflect.next()),
             Poll::Ready(Some(Ok(Event::Delete(_))))
         ));
-        assert_eq!(poll!(subscriber.next()), Poll::Pending);
+        assert_eq!(reader.get(&ObjectRef::from_obj(&foo)), Some(foo.clone()));
+        assert_eq!(poll!(subscriber.next()), Poll::Ready(Some(foo.clone())));
+        assert_eq!(reader.get(&ObjectRef::from_obj(&foo)), Some(foo.clone()));
+        assert_eq!(poll!(other_subscriber.next()), Poll::Ready(Some(foo.clone())));
+        assert_eq!(reader.get(&ObjectRef::from_obj(&foo)), None);
 
         assert!(matches!(
             poll!(reflect.next()),
diff --git a/kube-runtime/src/reflector/object_ref.rs b/kube-runtime/src/reflector/object_ref.rs
index 9cfc4e028..7829f5494 100644
--- a/kube-runtime/src/reflector/object_ref.rs
+++ b/kube-runtime/src/reflector/object_ref.rs
@@ -57,6 +57,7 @@ pub trait Lookup {
             extra: Extra {
                 resource_version: self.resource_version().map(Cow::into_owned),
                 uid: self.uid().map(Cow::into_owned),
+                remaining_lookups: None,
             },
         }
     }
@@ -156,6 +157,8 @@ pub struct Extra {
     pub resource_version: Option<String>,
     /// The uid of the object
     pub uid: Option<String>,
+    /// Number of remaining cache lookups on this reference
+    pub remaining_lookups: Option<usize>,
 }
 
 impl<K: Lookup> ObjectRef<K>
@@ -225,6 +228,7 @@ impl<K: Lookup> ObjectRef<K> {
                 extra: Extra {
                     resource_version: None,
                     uid: Some(owner.uid.clone()),
+                    remaining_lookups: None,
                 },
             })
         } else {
@@ -268,10 +272,12 @@ impl<K: Lookup> From<ObjectRef<K>> for ObjectReference {
             dyntype: dt,
             name,
             namespace,
-            extra: Extra {
-                resource_version,
-                uid,
-            },
+            extra:
+                Extra {
+                    resource_version,
+                    uid,
+                    ..
+                },
         } = val;
         ObjectReference {
             api_version: Some(K::api_version(&dt).into_owned()),
@@ -351,6 +357,7 @@ mod tests {
             extra: Extra {
                 resource_version: Some("123".to_string()),
                 uid: Some("638ffacd-f666-4402-ba10-7848c66ef576".to_string()),
+                remaining_lookups: None,
             },
             ..minimal.clone()
         };
diff --git a/kube-runtime/src/reflector/store.rs b/kube-runtime/src/reflector/store.rs
index d6d264dea..a99b7fce5 100644
--- a/kube-runtime/src/reflector/store.rs
+++ b/kube-runtime/src/reflector/store.rs
@@ -107,8 +107,14 @@ where
                 self.store.write().insert(key, obj);
             }
             watcher::Event::Delete(obj) => {
-                let key = obj.to_object_ref(self.dyntype.clone());
-                self.store.write().remove(&key);
+                let mut key = obj.to_object_ref(self.dyntype.clone());
+                let mut store = self.store.write();
+                store.remove(&key);
+                if self.dispatcher.is_some() {
+                    // Re-insert the entry with updated key, as insert on its own doesnt modify the key
+                    key.extra.remaining_lookups = self.dispatcher.as_ref().map(Dispatcher::subscribers);
+                    store.insert(key, Arc::new(obj.clone()));
+                }
             }
             watcher::Event::Init => {
                 self.buffer = AHashMap::new();
@@ -159,6 +165,12 @@ where
                     }
                 }
 
+                watcher::Event::Delete(obj) => {
+                    let mut obj_ref = obj.to_object_ref(self.dyntype.clone());
+                    obj_ref.extra.remaining_lookups = Some(dispatcher.subscribers());
+                    dispatcher.broadcast(obj_ref).await;
+                }
+
                 _ => {}
             }
         }
@@ -236,6 +248,22 @@ where
             .cloned()
     }
 
+    #[must_use]
+    pub fn remove(&self, key: &ObjectRef<K>) -> Option<Arc<K>> {
+        let mut store = self.store.write();
+        store.remove_entry(key).map(|(mut key, obj)| {
+            match key.extra.remaining_lookups {
+                Some(..=1) | None => (),
+                Some(lookups) => {
+                    key.extra.remaining_lookups = Some(lookups - 1);
+                    store.insert(key, obj.clone());
+                }
+            };
+
+            obj
+        })
+    }
+
     /// Return a full snapshot of the current values
     #[must_use]
     pub fn state(&self) -> Vec<Arc<K>> {