Keppel REIT

REITs

Keppel REIT’s Koh Wee Lih to step down; Chua Hsien Yang to replace him

Chua Hsien Yang will replace Koh Wee Lih as CEO of Keppel REIT from Jan 1, 2025.

Broker's Calls

Mixed sentiments on Keppel REIT following strong operational performance in 3Q2024

Analysts from RHB, CGSI, Maybank and Citi have maintained their “buy” and “neutral” calls. Their TPs range from 90 cents to $1.15.

Results

Keppel REIT reports 2.1% dip in distributable income from operations in 9MFY2024 from higher borrowing costs

The team at DBS Group Research has maintained its “buy” call with an unchanged target price of $1.15 as it sees “steady improvement” across the REIT’s portfolio.
Keppel REIT DPU falls 3.4% y-o-y to 2.8 cents, portfolio valuation up from 255 George Street acquisition - THE EDGE SINGAPORE

Results

Keppel REIT DPU falls 3.4% y-o-y to 2.8 cents, portfolio valuation up from 255 George Street acquisition

Excluding 255 George Street, which was acquired on May 9, the portfolio valuation would have been $9.23 billion, 0.2% lower h-o-h.
Singapore remains an attractive data centre hub for investors - THE EDGE SINGAPORE

Data centres

Singapore remains an attractive data centre hub for investors

The externally managed S-REIT structure in Singapore’s ecosystem makes REITs a passive investment vehicle.

Insider moves

DC REIT in focus as funds trade units; Keppel REIT units acquired by DBS in June

US REITs attractive says Cohen & Steers, Keppel REIT announces green financing framework with bond for George Street

Environmental, Social and Governance

Keppel REIT establishes green finance framework, issues A$175 mil floating rate green notes due 2027

The green financing framework will serve as a reference for the REIT’s green finance transactions.
What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?  - THE EDGE SINGAPORE

REITs

What could happen to CapitaLand Ascott Trust's perps ahead of Sept 4 call date?

CapitaLand Ascott Trust's call date for a $150m tranche of perps is in Sept. A number of REITs have their perp call dates in 2025.
Keppel REIT's Tokyo asset achieves full occupancy with new tenancies - THE EDGE SINGAPORE

REITs

Keppel REIT's Tokyo asset achieves full occupancy with new tenancies

Two new tenants brought the KR Ginza II asset in Tokyo to 100% occupancy from 36.3% occupancy at acquisition in Nov 2022.
Analysts pleased with Keppel Reit, point to strength of Singapore and Australian assets  - THE EDGE SINGAPORE

Broker's Calls

Analysts pleased with Keppel REIT, point to strength of Singapore and Australian assets

KREIT is well-positioned with its strong occupancy rates in its Singapore and Australian assets.
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