Keppel REIT (KREIT)

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.

REITs

Keppel REIT obtains $100 mil green loan facility

Units in Keppel REIT closed 0.5 cent higher or 0.56% up at 90 cents on Dec 23.

REITs

Keppel REIT enters into the Tokyo office market with acquisition of Ginza office building

The REIT will pay 8.83 billion yen or $84.4 million for its effective stake.
Some office and retail S-REITs could rebound, but expect a 'fear of recession' ahead: DBS - THE EDGE SINGAPORE

Broker's Calls

Some office and retail S-REITs could rebound, but expect a 'fear of recession' ahead: DBS

“Despite reopening plays doing well year-to-date, up 10%, we believe the hospitality and office sectors will continue to shine.”
Keppel REIT reports 1% higher DPU of 2.97 cents for 1HFY2022 - THE EDGE SINGAPORE

Results

Keppel REIT reports 1% higher DPU of 2.97 cents for 1HFY2022

During the 1HFY2022, Keppel REIT's distributable income increased by 4.6% y-o-y to $110.5 million.

Broker's Calls

'Stars are aligned' for hospitality and office REITs, which will 'continue to shine': DBS

“We believe that the hospitality and office sectors will continue to shine on the back of improving fundamentals.”

Broker's Calls

Analysts positive on Keppel REIT as it sees strong start to FY2022

As at 5.12pm, KREIT is trading at 2 cents up or 1.68% higher at $1.21 at a FY2022 P/B ratio of 0.92x and dividend yield of 4.87%
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