Keppel REIT
K71U.SI : Singapore Exchange
0.875
+1.16%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
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Chart
Key stats
- 52-Week HighSGD 0.950
- 52-Week LowSGD 0.780
- Market CapSGD 3.3B
- Avg Volume3.8M
- P/E Ratio (TTM)21.88
- Forward Dividend Yield6.9%
Share Price Performance
| K71U.SI | Market
| |
|---|---|---|
| 1 Day | 1.16% | 0.24% |
| 5 Day | 0.00% | -0.31% |
| 1 Month | 5.42% | 2.49% |
| 6 Month | -3.85% | 9.02% |
| YTD | -6.42% | 6.08% |
| 1 Year | 2.34% | 6.50% |
| 5 Year | -30.56% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
-
Occupancy Rate of 96.4% is higher than sector average of 88.3%
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Net property income yield of 1.97% is lower than its dividend yield of 6.9%
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Gearing Ratio of 0.39x is lower than sector average of 0.45x
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Interest Coverage Ratio of 2.9x is above 2.5x
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Net Book Value of $1.32 is lower than its net book value of $1.37 in the previous year
-
Dividend Yield of 6.9% is lower than sector average of 21.6%
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Distribution per unit growth is -2.00%
-
Price to Book of 0.66x is higher than sector average of 0.47x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $1.004
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGS-CIMB
17 Oct 2023
Add
1.140
DBS Research
04 Jan 2024
Buy
1.150
Maybank Research
24 Apr 2024
Buy
1.000
OCBC Investment
24 Apr 2024
Buy
(prev Hold)
0.920
(prev 0.910)
RHB Invest
26 Jun 2024
Buy
1.080
UOB Kay Hian
21 May 2024
Buy
1.200
Analyst Reports
Valuation
Price to book (P/B) ratio
0.7
0.7
Keppel REIT's current P/B ratio of 0.7x is inline with 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%
Outlook
Delivering sustainable long-term total return to the Unitholders remains a key focus for Keppel REIT. The Manager will continue to adopt a prudent stance towards capital management and a proactive approach in managing the portfolio.
Sources: Keppel REIT Financial Report
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 | For period ending 31 Dec 2023 |
Annual Reports
| 28 Mar 2024 | For period ending 31 Dec 2023 |