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'Buys' all around for Keppel REIT as demand is expected to stay strong moving forward

Samantha Chiew
Samantha Chiew7/29/2022 03:11 PM GMT+08  • 5 min read
'Buys' all around for Keppel REIT as demand is expected to stay strong moving forward
4 analysts are keeping 'buy' calls on Keppel REIT.
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Analysts are staying optimistic on Keppel REIT (KREIT) amid the economy reopening up from the pandemic, as the REIT is seeing a strong demand for its office spaces and rent rates are increasing in the market.

This was recovery was evident in the REIT’s latest 1HFY2022 ended June results, which saw distribution per unit (DPU) grow 1.0% higher y-o-y to 2.97 cents, as net property income (NPI) increased by 6.0% to $89.5 million. The higher NPI was mainly attributable to the contribution from Keppel Bay Tower, which was acquired on May 18, 2021, as well as the higher NPI from the REIT’s Ocean Financial Centre (OFC), 8 Exhibition Street and Pinnacle Office Park.

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

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