Keppel REIT (KREIT)

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1).

Company in the news

Office upcycle, low risk-free rates mask operational challenges for office REITs

(July 29): On July 18, CapitaLand Commercial Trust’s placement units — to raise $220 million, most likely to partially pay for Frankfurt Main Airport Center — were snapped up in le

Investing ideas

Keppel REIT comes under short-term stress from investment banking tenants

SINGAPORE (July 18): Deutsche Bank earlier this month announced it was axeing 18,000 jobs globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.

Broker's Calls

Rental upside, tapering supply, positive net absorption keep Singapore office REIT at 'overweight' by UOB

SINGAPORE (June 3): UOB KayHian is maintaining the Singapore office REIT sector at “overweight” given the sector in its second year of recovery after the market bottomed in 1H17.

Property

Keppel REIT breaks into Seoul market with $301 mil office tower purchase

SINGAPORE (Apr 23): Keppel REIT is acquiring a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD for KRW 252.6 billion ($301.4 million).

Broker's Calls

Analysts still positive on Keppel REIT despite 1Q DPU drop

SINGAPORE (Apr 22): The manager of Keppel REIT (KREIT) on Apr 17 announced that its 1Q19 DPU was 2.1% lower y-o-y at 1.39 cents, as distributable income dropped 1.9% y-o-y to $47.3 million.

Singapore economy

It's all work, all play in Singapore if urban plan gets go ahead

(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district.

Right Timing

Right timing: STI consolidation could continue

SINGAPORE (Mar 2): The market could continue to consolidate in the near term. Quarterly momentum has encountered resistance and turned down.

Broker's Calls

Keppel REIT's latest divestment to help mitigate high gearing concern

SINGAPORE (Dec 3): Keppel REIT (KREIT) on Nov 30 announced that it will be divesting a 20% stake in Ocean Financial Centre to Allianz Real Estate for $537.3 million.

Broker's Calls

Analysts keep Keppel REIT at ‘buy’ on more positive rental reversions to come

SINGAPORE (Oct 16): Analysts have maintained their ‘buy’ calls on Keppel REIT (KREIT) after the latter’s 3Q and 9M results came in broadly in line with their expectations.

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