Analysts are optimistic about Keppel REIT’s prospects after the REIT reported a distribution per unit (DPU) of 2.95 cents for the 2HFY2022 ended Dec 31, 2022, 2.4% higher y-o-y. For FY2022, the REIT’s DPU grew by 1.7% y-o-y to 5.92 cents.
Keppel REIT
Price targets:
OCBC Investment Research ‘sell’ 85 cents
CGS-CIMB Research ‘add’ $1.14
Citi Research ‘buy’ $1.10
DBS Group Research ‘buy’ $1.15
RHB Group Research ‘buy’ $1.10
Office rental upcycle is a plus, but higher interest costs may be a drag
