Bugis Junction Towers

Keppel REIT selling Bugis Junction Towers for $547.5 mil

Property

Keppel REIT selling Bugis Junction Towers for $547.5 mil

SINGAPORE (Oct 1): Keppel REIT is divesting its strata ownership of Bugis Junction Towers, which it has held since its listing in 2006, for a sale price of $547.5 million.

Results

Keppel REIT posts 2.1% drop in 1Q DPU to 1.42 cents

SINGAPORE (Apr 18): The manager of Keppel REIT has declared a 1Q18 DPU of 1.42 cents, 2.1% lower than 1.45 cents recorded in 1Q17.

Results

Keppel REIT 3Q DPU falls 12.5% to 1.4 cents on lower share of results of associates

SINGAPORE (Oct 17): The manager of Keppel REIT has declared a distribution per unit (DPU) of 1.4 cents in 3Q17, 12.5% lower than the DPU of 1.6 cents in 3Q16 on lower share of results of associates. 

Results

Keppel REIT 2Q DPU falls 12% to 1.42 cents

SINGAPORE (July 18): Keppel REIT Management, the manager of Keppel REIT has declared a DPU of 1.42 cents for 2Q17 ended June, an 11.8% decrease from the previous year when it reported a DPU of 1.61 cents. 

Broker's Calls

This REIT is well prepared for the office oversupply situation

SINGAPORE (Oct 19): Market watchers remain positive on Keppel Real Estate Investment Trust after the REIT announced that it had renewed all of its leases expiring in FY16, and is poised to ride through the looming oversupply coming up within the next two
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