“Outlook remains positive although slightly moderated lower, and should mitigate increasing interest costs’ impact. Service charges are also being raised across all Keppel REIT’s assets to counter higher utility charges,” says Natarajan.
Analysts have maintained their “buy” calls on Keppel REIT with lower target prices following the trust’s 9MFY2022 results announcement ended Sept 30.
RHB Group Research analyst Vijay Natarajan, who has a target price of $1.15 from $1.31 previously, says Keppel REITs updates show continued positive momentum in the Singapore office portfolio with healthy occupancy improvement and strong rent growth.
