DBS Group Research is keeping its “buy” recommendation on Keppel REIT (KREIT) with a target price of $1.40.

In a Dec 10 report, lead analyst Rachel Tan says, “KREIT’s best-in-class office portfolio, anchored by Singapore Grade A offices in prime central business district (CBD) locations, is well positioned to benefit from a potential recovery in a very tight net supply market.

Post the CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) merger, KREIT will be the only pure-office real estate investment trust (REIT), a valuable trait that Tan believes investors have yet to appreciate.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook