Keppel REIT

SGX: K71U

0.860

+0.58%

Share Price in SGD. As of 16 Jan 16:49:24 SGT

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Beansprout Analysis

Beansprout's Checklist

Fundamental
  • Occupancy Rate of 96.4% is higher than sector average of 88.3%

  • Net property income yield of 1.97% is lower than its dividend yield of 7%

Financial
  • Gearing Ratio of 0.39x is lower than sector average of 0.45x

  • Interest Coverage Ratio of 2.9x is above 2.5x

  • Net Book Value of $1.32 is lower than its net book value of $1.37 in the previous year

Valuation
  • Dividend Yield of 7% is lower than sector average of 13%

  • Distribution per unit growth is -2.00%

  • Price to Book of 0.66x is higher than sector average of 0.49x

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Market Analysis

Consensus Share Price Target

Keppel REIT share price target is $1.007, according to consensus estimates as of 16 Jan 2025. Based on Keppel REIT’s current share price of $0.86, this represents an upside potential of 17.1%.

Price Target: $1.007

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 16 Jan 2025

Analyst Ratings

  • DBS Research

    27 Sep 2024

    Buy

    1.150

  • Maybank Research

    25 Nov 2024

    Buy

    1.050

  • OCBC Investment

    23 Oct 2024

    Buy

    (prev Hold)

    1.020

  • RHB Invest

    22 Oct 2024

    Buy

    1.050

  • UOB Kay Hian

    23 Oct 2024

    Buy

    1.250

    (prev 1.200)

Valuation
Earnings
Financials
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Profile

Company Description

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia's leading REITs with a portfolio of premium Grade A commercial assets in prime business and financial districts pan-Asia. Keppel REIT's objective is to generate stable income and long-term growth for Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Singapore and pan-Asia. Keppel REIT is sponsored by Keppel Land Limited, one of Asia's leading property companies. It is managed by Keppel REIT Management Limited, a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd..

Revenue Breakdown by Asset

Revenue Breakdown by Geography