Keppel REIT (KREIT)

Why it’s worth taking a closer look at Keppel REIT’s portfolio - THE EDGE SINGAPORE

REIT Watch

Why it’s worth taking a closer look at Keppel REIT’s portfolio

Among the office and mixed REITs, Keppel REIT has been among the best performers, losing less than 6% this year.

Company in the news

Keppel REIT replaces Olam Group in STI reserve list

The changes from the latest review will take effect at the start of business on Sept 18.

Broker's Calls

Analysts cheer Keppel Corp’s ‘solid’ 1HFY2023 results and KREIT distribution

The analysts' target prices range from $8.30 to $9.09.
Keppel REIT signs renewable energy solutions tenant for Japan office building, doubling occupancy to nearly 75% - THE EDGE SINGAPORE

REITs

Keppel REIT signs renewable energy solutions tenant for Japan office building, doubling occupancy to nearly 75%

KR Ginza II, a freehold boutique office building in Tokyo’s prime Ginza District, was acquired by Keppel REIT in November 2022.
Analysts like Keppel REIT after posting 'positive operating metrics' for 1QFY2023 - THE EDGE SINGAPORE

Broker's Calls

Analysts like Keppel REIT after posting 'positive operating metrics' for 1QFY2023

The REIT recorded a positive rental reversion rate of 9.3% for the 1QFY2023 ended March.

Results

Keppel REIT reports 6.7% lower distributable income from operations of $50.2 mil during 1QFY2023

Including the anniversary distribution of $5 million, however, the REIT’s distributable income grew by 2.6% y-o-y to $55.2 million

Broker's Calls

Brokers' Digest: Keppel REIT, Genting Singapore, Hutchison Port Holdings Trust

See what the analysts have to say this week.
Analysts see Keppel REIT benefitting from office rental upcycle though higher interest costs may be a drag - THE EDGE SINGAPORE

Broker's Calls

Analysts see Keppel REIT benefitting from office rental upcycle though higher interest costs may be a drag

The analysts' target prices range from 85 cents to $1.15. Of the analysts' reports, OCBC was the only one with a "sell' call.

Results

Keppel REIT reports 2HFY2022 DPU of 2.95 cents, up by 2.4% y-o-y

Keppel REIT's DPU for the FY2022 grew by 1.7% y-o-y to 5.92 cents.
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