Meanwhile, OCBC Investment Research has maintained its “hold” rating with a slightly increased fair value estimate of 87 cents from 85 cents previously.
Analysts are positive on Keppel REIT (SGX:K71U
) despite reporting a dip of 6.7% in distributable income from its operations of $50.2 million on April 20. The REIT also recorded a positive rental reversion rate of 9.3% for its 1QFY2023 ended March.
In their respective reports, analysts from Citi Research, RHB Bank Singapore and DBS Group Research have maintained their “buy” calls for Keppel REIT, with target prices of $1.10, $1.10 and $1.15.
