Keppel Reit
Keppel Reit’s equity fundraising exercise may dilute DPU despite improved Q1 earnings: analysts
CGSI cuts its target price on a lower distribution per unit forecast, while RHB lifts its projections
Keppel Reit Q1 distributable income rises 19.7% to S$57.9 million
Net property income grows 9.7% year on year to S$59.9 million for the quarter
S-Reits pursuing growth as Iran war escalates risk poorly timed equity raising exercises
A greater focus on value unlocking moves versus acquisitions could go a long way in sustaining investor enthusiasm
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
Seeing positives for Singapore Reits from investors’ support of Keppel Reit’s DPU-dilutive MBFC Tower 3 acquisition
With demand for office trusts focused in the Republic despite lower yields, more capital should be allocated domestically
Keppel Reit preferential offering closes with 76.9% valid acceptances; total applications at 97%
Gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s Tower 3
RHB ‘slightly negative’ on Keppel Reit’s MBFC deal, advises switch to Suntec Reit
Meanwhile, DBS Group Research says office S-Reits offer ‘brightest prospect’ in 2026
Keppel Reit wanted more of MBFC, but Hongkong Land’s 20-day deadline hobbled gearing fix
After the S$1.45 billion sale of its Tower 3 stake, Hongkong Land pumped its remaining MBFC interests into a new Singapore private real estate fund
Keppel Reit unit secures three bridge loans totalling S$892 million
The facilities contain conditions relating to changes to the Reit’s manager
Keppel Data Centre Campus gets conditional approval for 10-year lease extension
This is part of the sale of two hyperscale data centres in the campus to Keppel DC Reit
