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Keppel REIT

Keppel REIT's Tokyo asset achieves full occupancy with new tenancies - THE EDGE SINGAPORE

REITs

Keppel REIT's Tokyo asset achieves full occupancy with new tenancies

Two new tenants brought the KR Ginza II asset in Tokyo to 100% occupancy from 36.3% occupancy at acquisition in Nov 2022.
Analysts pleased with Keppel Reit, point to strength of Singapore and Australian assets  - THE EDGE SINGAPORE

Broker's Calls

Analysts pleased with Keppel REIT, point to strength of Singapore and Australian assets

KREIT is well-positioned with its strong occupancy rates in its Singapore and Australian assets.

Results

Keppel REIT reports 10.1% lower y-o-y distributable income from operations of $148.6 mil during 9MFY2023

High borrowing costs and higher property expenses have contributed to lower distributable income for Keppel REIT.
UOB Kay Hian keeps 'buy' call on Keppel REIT on stable Singapore and improving Sydney - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian keeps 'buy' call on Keppel REIT on stable Singapore and improving Sydney

Keppel REIT has set aside $100 million from accumulated capital gains to be distributed to unit holders over five years

New appointments

Keppel REIT manager appoints new CFO

Current CFO Kang Leng Hui is stepping down on Oct 27 to pursue other opportunities.

Broker's Calls

With 6.8% yield, CGS-CIMB sees downside factored in for Keppel REIT

Keppel REIT will likely enjoy positive rental reversions in the second half of this year for its Singapore properties

Company in the news

Keppel Corp seeks name change to 'Keppel' to reflect new structure

Keppel is seeking shareholders' approval for the distribution in specie of Keppel REIT units too
Keppel REIT signs renewable energy solutions tenant for Japan office building, doubling occupancy to nearly 75% - THE EDGE SINGAPORE

REITs

Keppel REIT signs renewable energy solutions tenant for Japan office building, doubling occupancy to nearly 75%

KR Ginza II, a freehold boutique office building in Tokyo’s prime Ginza District, was acquired by Keppel REIT in November 2022.

REITs

Keppel’s portfolio of REITs move to different beats, focusing on asset growth or stability

Keppel DC REIT plans asset growth as Keppel REIT focuses on stability of income and DPU

Broker's Calls

Keppel REIT's 1HFY2023 results within expectations, analysts highlight healthy rental reversions

The analysts believe Keppel REIT would continue to benefit from positive rental reversions.
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