Keppel REIT (KREIT)

Broker's Calls

Chinese tech giants in Singapore to benefit office REITs: DBS

Tencent, on September 16, announced that it has chosen Singapore as its hub in Asia following its bans in India and the US.

Broker's Calls

Keppel REIT's latest acquisition keeps it at 'buy'

Analysts are upbeat and positive on Keppel REIT’s (KREIT) latest acquisition of the Pinnacle Office Park in Sydney for $303.3 million, a freehold Grade A commercial property comprising three office

REITs

Keppel REIT to issue $150 mil worth of perpetual securities

The manager of Keppel REIT announced on the evening of September 7 that the REIT’s trustee, RBC Investor Services Trust, has priced its offering of $150 million 3.15 per cent subordinated perpetual

REITs

Impact from WFH already in stock price, says Morgan Stanley

In a July 27 report, Morgan Stanley says office rentals across Asia declined 2–13% in 1H2020 owing to weaker demand due to negative GDP and higher unemployment but excluding the impact of working f

Broker's Calls

Analysts mostly positive on Keppel REIT on 'steady' 2Q20 results

SINGAPORE (July 21): Keppel REIT’s 2Q20 and 1H20 distribution per unit (DPU) came within expectations of their FY20F estimates, according to analysts from DBS Group Research, CGS-CIMB, and RHB.

Results

Keppel REIT posts 0.7% increase in 2Q DPU to 1.40 cents

SINGAPORE (July 20): The manager of Keppel REIT has declared a distribution per unit (DPU) of 1.40 cents for the 2Q20 ended June, 0.7% higher than the DPU of 1.39 cents declared in 2Q19.

Broker's Calls

CGS-CIMB forecasts 5-10% decline in office rental fees, maintains 'overweight' call for office sector on prolonged low-interest rate environment

SINGAPORE (June 19): CGS-CIMB analyst Lock Mun Yee has maintained her “overweight” call on the office property sector.

Broker's Calls

Low levels of supply and record low vacancies will set the stage for 'faster recovery' for Singapore office REITs: DBS

SINGAPORE (June 8): While the office sector has been the least impacted by Covid-19 so far, DBS analysts Rachel Tan and Derek Tan are “cautious” on the potential economic impact it might have on of

Broker's Calls

Watch out for Keppel REIT, says DBS

SINGAPORE (June 8): Despite the recent shift towards working from home, DBS Group Research is maintaining its “buy” call on Keppel REIT (KREIT), but at a lower target price of $1.35. 

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).

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