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Keppel Reit
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Keppel REIT
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Alignment
Elite |
08-Mar-2026 10:09
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OUE REIT making the better moves by selling into a hot Singaporean market rather than buying. | ||||
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Delvyss
Elite |
06-Mar-2026 09:56
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A Look At Keppel REIT (SGX:K71U) Valuation After Strong Full Year Results And Confirmed Distributionhttps://simplywall.st/stocks/sg/real-estate/sgx-k71u/keppel-reit-shares/news/a-look-at-keppel-reit-sgxk71u-valuation-after-strong-full-ye |
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Delvyss
Elite |
06-Mar-2026 09:28
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REITs seen as portfolio stabiliser amid Iran conflict volatilityhttps://www.investordaily.com.au/reits-seen-as-portfolio-stabiliser-amid-iran-conflict-volatility/ |
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PiRPiR
Master |
27-Feb-2026 23:34
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https://tigr.link/s/60ERnjQ
Keppel REIT Posts 6.9% Rise in FY2025 Net Property Income, Declares 5.23-Cent DPU Keppel REIT (K71U) reported net property income of 215.9 million Singapore dollars for the financial year ended Dec, 31 2025, a 6.9 per cent increase from the previous year. Distributable income from operations slipped 1.1 per cent to 192.4 million Singapore dollars, while distributable income would have grown 6.3 per cent to 206.8 million Singapore dollars if management fees had been fully paid in units. The trust declared a distribution per unit of 5.23 cents, comprising 2.72 cents paid on Sep, 15 2025, 1.63 cents paid on Nov, 25 2025, and a final 0.88 cent tranche payable on Mar, 25 2026. The units will trade ex-distribution on Feb, 11 2026, with a record date of Feb, 12 2026. Portfolio committed occupancy stood at 96.7 per cent, and weighted average lease expiry was 4.4 years. Rental reversions for leases signed in FY2025 averaged +11.5 per cent. Aggregate leverage was 47.9 per cent as at Dec, 31 2025 this would fall to 40.4 per cent assuming preferential-offering proceeds received at year-end were used to repay equity bridge loans. Weighted average cost of debt was 3.41 per cent per annum, with 53 per cent of borrowings on fixed rates and a weighted average term to maturity of 2.4 years. During the year Keppel REIT completed two acquisitions: a 75 per cent stake in Top Ryde City Shopping Centre, Sydney, on Dec, 19 2025 and an additional one-third interest in Marina Bay Financial Centre Tower 3, Singapore, on Dec, 31 2025. Both assets are expected to contribute to earnings from 2026. Net asset value per unit rose to 1.27 Singapore dollars, up 2.4 per cent from a year earlier. The trust?s total portfolio was valued at 11.66 billion Singapore dollars across 14 prime commercial properties in Singapore, Australia, South Korea and Japan. |
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Alignment
Elite |
26-Feb-2026 21:55
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Let' s hope this new EQDP money is better used to benefit Singapore than the money already invested so far. | ||||
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Delvyss
Elite |
26-Feb-2026 08:53
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Budget 2026 Injects Another S$1.5 Billion Into SGX. Are Singapore Mid-Cap Stocks About to Surge?(The REIT Tier ... Suntec REIT ... Keppel REIT ...)https://sg.finance.yahoo.com/news/budget-2026-injects-another-1-233000740.html |
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Delvyss
Elite |
24-Feb-2026 10:50
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Target price https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/KREIT_SP.xml |
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PiRPiR
Master |
14-Feb-2026 12:19
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Keppel REIT issued 18.0 million new units at S$0.9763 each, totaling S$17.6 million, to settle management fees for late 2025, boosting the manager's stake to 5.69% of the enlarged 4.96 billion-unit base, with the issue price set by the 10-day VWAP on SGX. | ||||
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Joelton
Supreme |
14-Feb-2026 12:00
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Keppel REIT rules out near-term equity fundraising and sets 2026 cost of borrowing targets Following a series of acquisitions, including a 75% stake in Top Ryde City Shopping Centre in Sydney and the dilutive deal of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 in Singapore, Keppel REIT (SGX:K71U) is likely to focus on organic growth this year. Although Keppel REIT acquired the one-third interest in MBFC Tower 3 at almost full value, it partly financed the transaction by issuing units at 96 cents, when its VWAP was $1.03, and its NAV (as of June 30, 2025) was $1.21. In its FY2025 results, Keppel REIT&rsquo s distribution per unit (DPU) declined 6.6% y-o-y to 5.23 cents while property income and net property income (NPI) rose 4.9% and 6.9% y-o-y, respectively. During the Feb 4 results briefing, Chua Hsien Yang, CEO of the manager, noted that a key priority is to drive organic growth across the portfolio, given the favourable market dynamics for office space in Singapore. Recent media reports suggest ANZ is moving from Ocean Financial Centre to the Marina One complex. Chua did not confirm which tenant is leaving, but he sees strong demand for office space, particularly at Ocean Financial Centre. &ldquo For Singapore, any tenants, especially full-floor tenants that return the space in our CBD assets (Ocean Financial Centre, Marina Bay Financial Centre, One Raffles Quay), we really don&rsquo t mind, as we shared for the last two quarters that we have a lot of demand.&rdquo &ldquo Therefore, if a tenant leaves, there is definitely a lot more demand to lease out the space at much higher rates,&rdquo says Chua. &ldquo On top of that, we also want to continue to push the best results that we can actually get from our Australian assets as well,&rdquo he adds. Keppel REIT&rsquo s Australia portfolio valuation declined 4.2% y-o-y in Singapore dollar terms, but committed occupancy remained fairly stable at 96.5%, and NPI increased 6.0% y-o-y to $105.2 million. The higher NPI was mainly due to contributions from 255 George Street and increased occupancy at 2 Blue Street, offset partially by a stronger Singapore Dollar. The other key priority Chua highlighted was reducing Keppel REIT&rsquo s borrowing costs. Sebastian Song, CFO of the manager, stated that the REIT aims for its borrowing cost to be between 3% and 3.3% in 2026. As of Dec 31, 2025, that figure stood at 3.41% per annum. Given the Reserve Bank of Australia&rsquo s recent 25-basis-point rate hike, analysts are concerned about its ability to meet the 2026 borrowing cost target. As of Dec 31, 2025, Australia dollar-denominated loans accounted for about 14% of Keppel REIT&rsquo s total borrowings. &ldquo I think that the target has not changed yet and won&rsquo t be derailed for the time being. Unfortunately, they hiked the rate. While we can&rsquo t control this aspect of things, what we can control is really to tap on the momentum of our refinancing exercise to drive margin savings,&rdquo adds Song. Meanwhile, with Marina One reportedly on the market at around $5 billion to $6 billion, Chua admitted that while the whole market will be looking at the property, it will be quite challenging for Keppel REIT to acquire it due to the hefty price tag. &ldquo I assured investors that we have already done a fair bit of acquisitions and we are not rushing to do any equity fundraising anytime soon. But of course, if the time is right and if we find attractive offers for some of our assets, we could look at strategic divestments and use the proceeds for any potential acquisitions,&rdquo states Chua. Regarding the potential acquisition of Keppel South Central, Chua states that there are currently no further updates and that no discussions have commenced with Keppel, the sponsor, regarding the asset. &ldquo My understanding is that occupancy is still not at a level that makes it interesting for us to start discussions with them at this point. Even if the occupancy level is at a level that&rsquo s high enough for us, there&rsquo s still a lot of things that we need to figure out,&rdquo says Chua. Separately, at Keppel&rsquo s results briefing on Feb 5, Louis Lim, CEO, Real Estate, says that this property is about 50% &ldquo committed or in very active levels of negotiations&rdquo , and that Keppel is looking forward to &ldquo being in a position in the near-to-medium-term future to be able to figure out a monetisation path for this asset.&rdquo Finally, regarding the relationship with Hongkong Land, Chua says it is still good, and things are back to normal. &ldquo We have always been partners and competitors at the same time, so nothing has really changed. Every company has their own aspiration and strategy. If you look at Hongkong Land, Mapletree, and Suntec, we all have similar strategies. Does that mean our working relationship is not good? I don&rsquo t think so,&rdquo adds Chua. |
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vicloo
Supreme |
13-Feb-2026 17:27
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Scooped up a bit at 94.5c today 👍 👍 | ||||
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Alignment
Elite |
10-Feb-2026 20:22
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The share price would be above $1.10 had they not done this value destructive deal. Sad. | ||||
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Joelton
Supreme |
05-Feb-2026 09:26
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Keppel Reit H2 DPU down 10.4% at S$0.0251 amid enlarged unit base Meanwhile, net property income is up 2.4% at S$107.7 million in the latest half year [SINGAPORE] The manager of Keppel Reit : K71U -0.51% posted a distribution per unit (DPU) of S$0.0251 for the second half ended Dec 31, 2025, down 10.4 per cent from S$0.028 in the year-ago period. Speaking at an earnings briefing on Wednesday morning (Feb 4), chief executive of the manager Chua Hsien Yang attributed the lower DPU for the latest distribution period, from Oct 17 to Dec 31, to an enlarged unit base, following a private placement and preferential offering. He also cited the lack of income contribution from two acquisitions completed in December 2025. These comprise a 75 per cent interest in a freehold retail mall in Sydney acquired for A$393.8 million (S$351.6 million), and an additional one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 for S$937.5 million. Distributable income from the Reit&rsquo s operations consequently fell 0.8 per cent to S$96.9 million in the half year, from S$97.6 million in the prior year. From FY2025, the manager will receive 25 per cent of its management fee in cash. Assuming management fees were paid entirely in units, distributable income from its operations would have risen 6.7 per cent year on year to S$104.2 million. A distribution of S$0.0088 a unit will be paid on Mar 25, after the record date of Feb 12. An advanced DPU of S$0.0163 was already paid out on Nov 25, for the period from Jul 1 to Oct 16, pursuant to the private placement launched in October 2025. Net property income (NPI) rose 2.4 per cent to S$107.7 million in the latest half year, from S$105.1 million in the previous year &ndash primarily due to stronger occupancy at the trust&rsquo s Sydney office building and higher contributions from its Singapore assets. Borrowing costs fell 6.7 per cent to S$44.1 million in H2 FY2025, from S$47.3 million in H2 FY2024. On a full-year basis, NPI grew 6.9 per cent to S$215.9 million in FY2025, from FY2024&rsquo s S$201.9 million. This brought distributable income from the trust&rsquo s operations to S$192.4 million for the year, down 1.1 per cent from S$194.5 million in the previous year. Assuming management fees were fully paid in units, distributable income for FY2025 would have grown 6.3 per cent to S$206.8 million. For the year, DPU was S$0.0523. This translates to a distribution yield of 5.4 per cent, based on the Reit&rsquo s closing price of S$0.975 per unit as at end-2025. Keppel Reit&rsquo s portfolio occupancy stood at 96.7 per cent as at end-2025, driven primarily by new leases secured for properties in Singapore and Australia. Rental reversion for the year was 11.5 per cent, with over 1.7 million sq ft of leases committed and a weighted average lease expiry of 4.4 years. In Australia, an anchor tenant occupying eight floors at 8 Exhibition Street, a 35-storey Grade A office building in Melbourne, is expected to vacate at the end of this year. The Reit has, however, secured a tenant in January for five full floors, with the lease expected to commence next year. Incoming rent will be double that of the outgoing tenant, Chua said. Another tenant occupying three floors at 8 Exhibition Street has also been secured, at rents more than double those of the exiting tenant, he added. The lease is expected to commence in the first half of 2028. On the homefront, ANZ Group is reportedly relocating to the Marina One complex from Ocean Financial Centre (OFC). Asked about the potential vacancy, Chua said the manager was unfazed by tenant departures, especially for full-floor units. &ldquo We have shared in the last two quarters that we have a lot of demand for full floors, especially in OFC. If there is a tenant who leaves, there will definitely be more demand, (or we could) lease this space at much higher rates,&rdquo he said. He added that the lease is due to expire in October, but discussions with the tenant &ndash whom he declined to name &ndash are ongoing over a possible term extension, depending on the timing of a new tenant. As at Dec 31, 2025, Keppel Reit&rsquo s portfolio value stood at S$11.7 billion. Its exposure to Singapore rose to 79.8 per cent, in line with the Reit&rsquo s strategy to focus on key markets and &ldquo premium&rdquo locations for sustainable growth and capital appreciation over time. Aggregate leverage was 47.9 per cent, largely due to loans drawn to fund the MBFC Tower 3 acquisition. If proceeds from the trust&rsquo s preferential offering had been received before the end of the year and used to fund the deal, leverage would have been lower at 40.4 per cent. For FY2025, its weighted average cost of debt was 3.4 per cent per annum, with an interest coverage ratio of 2.6 times. The manager noted that its debt maturity profile remained &ldquo staggered&rdquo , with a weighted average term to maturity of 2.4 years. In 2026, the manager&rsquo s chief financial officer Sebastian Song said the manager aims to achieve a cost of debt in the low 3 to 3.3 per cent range. Bringing down borrowing costs is among the manager&rsquo s top priorities in the coming year, Chua added. Beyond that, Chua said the manager will continue driving organic growth within the enlarged portfolio through rental growth and proactive cost management. This is especially in light of the &ldquo very low supply and high demand&rdquo in the Singapore office market and the trust&rsquo s Australian assets, he said. The chief executive added that the manager was not rushing into further acquisitions or equity fundraising, having already completed a fair amount of deals in FY2025. &ldquo In the first half, we really want to dedicate (ourselves) towards asset management,&rdquo said Chua. &ldquo If the time is right, if we do find attractive offers for some of our assets&hellip we could look at strategic divestments.&rdquo In the second half of the year, Chua said the manager could look at potential acquisitions, but this would likely be preceded by divestments. Its share buyback programme could also return now that leverage was lower, and especially if divestments are made, he said. Units of Keppel Reit closed at S$0.975 on Wednesday, down S$0.005 or 0.5 per cent. |
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Joelton
Supreme |
04-Feb 11:30
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Keppel Reit DPU down 10.4% at S$0.0251 for H2 The distribution will be paid on Mar 25 [SINGAPORE] The manager of Keppel Reit posted a distribution per unit (DPU) of S$0.0251 for the second half ended Dec 31, 2025, down 10.4 per cent from S$0.028 in the year-ago period. The distribution will be paid on Mar 25, after a record date of Feb 12, the manager said in a bourse filing on Wednesday (Feb 4). Net property income rose 2.4 per cent year on year to S$107.7 million from S$105.1 million. Distributable income from operations for the six months stood at S$96.9 million, down 0.8 per cent from S$97.6 million in H2 FY2024. Units of Keppel Reit closed flat on Tuesday at S$0.98. |
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Delvyss
Elite |
21-Jan-2026 14:33
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Singapore prime offices a ' top pick' for 2026 as vacancies fall: JLLhttps://www.businesstimes.com.sg/property/singapore-prime-offices-top-pick-2026-vacancies-fall-jll |
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Alexch
Member |
20-Jan-2026 02
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I suspect that people who decided to close position some time ago just received their shares today (with 0.96 price) and decided to sell with higher price. Should go up during the week
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JurongW
Elite |
19-Jan-2026 15:07
Yells: "Earnings give weight, Chart give wings" |
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It has dropped 3 cents to 97 cents as of now, presumably short term traders are taking profits from their excess rights.
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PiRPiR
Master |
19-Jan-2026 12:02
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10:20 PM EST, 01/18/2026 (MT Newswires) -- Keppel REIT (SGX:K71U) issued around 923.2 million units at SG$0.96 per unit to raise around SG$886.3 million, according to a Monday filing with the Singapore Exchange.
Trading in the new units commenced on the same day. Following the issuance of the new units, the total number of units increased to 4.94 billion units. |
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kt3152
Supreme |
14-Jan-2026 15:30
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Should be. Huat liao......
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shinkubonds
Member |
14-Jan-2026 15:28
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i would think so, full allocation including excess. Me too total 50k share cash+srs | ||||
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superstartup
Supreme |
14-Jan-2026 15:15
Yells: "Enjoy doing Fundamental Research" |
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Back above $1. Nice. |
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