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311 Spencer Street

Broker's Calls

Keppel REIT to benefit from lease renewals, Australia portfolio going forward: UOB

SINGAPORE (Mar 7): UOB Kay Hian is maintaining its “buy” call on Keppel REIT with a target price of $1.35 on expectations of the REIT to benefit from the full-year impact of leases, which were renewed in 2018, this year.

Results

Keppel REIT posts 3.4% decline in 4Q DPU to 1.43 cents

SINGAPORE (Jan 23): The manager of Keppel REIT has reported a distribution per unit (DPU) of 1.43 cents for the quarter ended Dec 2017, down 3.4% on-year from 1.48 cents in 4Q16 after factoring in nearly $11 million of net tax and other adjustments.

Broker's Calls

Keppel REIT’s latest acquisition offers DPU accretion, cashflow visibility

SINGAPORE (June 30): DBS is maintaining its “buy” call on Keppel REIT (KREIT) with a target price of $1.23 following its acquisition of a 50% stake in an office tower in Australia.

Keppel REIT unit to acquire 50% stake in Melbourne property for $362 mil

SINGAPORE (June 29): Keppel REIT’s wholly-owned sub-trust Keppel REIT (Australia) Sub-Trust 5 has entered into an implementation deed to acquire a 50% interest in a premium office tower to be developed at 311 Spencer Street in Melbourne, Australia for A
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