Keppel REIT - CGS-CIMB Research 2021-10-26: 3Q21 Active Leasing, But Reversions Slowed

Keppel REIT - 3Q21 Active Leasing, But Reversions Slowed

  • Keppel REIT (SGX:K71U) reported higher 3Q21 revenue and distributable income from operations y-o-y due to new acquisitions.
  • Portfolio committed occupancy improved slightly q-o-q to 97.1% at end-3Q21.
  • We expect the positive rental reversions to continue, but also see possible drag from potential frictional vacancy.
  • Reiterate Add call on Keppel REIT with an unchanged DDM-based target price of S$1.29.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @

LOCK Mun Yee CGS-CIMB Research | EING Kar Mei CFA CGS-CIMB Research | 2021-10-26

Read also CGS-CIMB's most recent report:
2022-10-25 Keppel REIT - Dishing Out An Anniversary Distribution.

Previous report by CGS-CIMB:
2022-07-27 Keppel REIT - Outlook Remains Positive.

Price targets by other brokers at Keppel REIT Target Prices.
Listing of research reports at Keppel REIT Analyst Reports.

Relevant links:
Keppel REIT Share Price History,
Keppel REIT Announcements,
Keppel REIT Dividends & Corporate Actions,
Keppel REIT News Articles

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