Keppel REIT

K71U.SI : Singapore Exchange

0.855

-0.58%

Share Price in SGD. As of 29 May 09:47:04 SGT

Chart

Key stats

  • 52-Week High
    SGD 0.950
  • 52-Week Low
    SGD 0.780
  • Market Cap
    SGD 3.3B
  • Avg Volume
    6.8M
  • P/E Ratio (TTM)
    21.38
  • Forward Dividend Yield
    7.02%

Share Price Performance

K71U.SI
Market
1 Day -0.58% 0.09%
5 Day -1.72% 0.23%
1 Month -2.29% 1.46%
6 Month -0.58% 7.96%
YTD -8.56% 3.10%
1 Year -6.04% -1.30%
5 Year -31.05% 0.89%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: $0.994

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 16 Mar 2024

Analyst Ratings

  • CGS-CIMB

    17 Oct 2023

    Add

    1.140

  • DBS Research

    04 Jan 2024

    Buy

    1.150

  • Maybank Research

    01 Feb 2024

    Buy

    1.000

  • OCBC Investment

    31 Jan 2024

    Hold

    0.910

    (prev 0.930)

  • RHB Invest

    20 Nov 2023

    Buy

    1.080

  • UOB Kay Hian

    31 Jan 2024

    Buy

    1.240

    (prev 1.170)

Analyst Reports

Beansprout Insights

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 97.10% is higher than sector average of 90.05%

  • Financial

    Gearing Ratio of 38.90% is lower than sector average of 45.92%

  • Valuation

    Dividend Yield of 7.02% is lower than sector average of 25.55%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Valuation

Price to book (P/B) ratio

Current P/B
0.7
Historical Average P/B
0.7

Keppel REIT's current P/B ratio of 0.7x is lower than its historical average P/B ratio of 0.7x.

Earnings

Earnings Highlights

1st Quarter 2024 Results Summary

  • Revenue: SGD 61.30M

    Increased 6% Year-on-Year

    Higher rentals, as well as contribution from 2 Blue Street

  • Net Property Income (NPI): SGD 48.20M

    Increased 7% Year-on-Year

    Higher rentals, as well as contribution from 2 Blue Street

  • Portfolio Occupancy: 96.4%

  • Rental Reversion: 10.9%

    Strong demand for prime office space

  • Leverage/Gearing: 39%

Earnings per share (EPS)

The latest earnings per share is $0.04, which is lower than the earnings per share of $0.11 in 2022.

Financials

Financial Statements

30 Jan 2024

Full Yearly Results

For period ending 31 Dec 2023

25 Jul 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

28 Mar 2024

Annual Report

For period ending 31 Dec 2023

News

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..

FAQ

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