- Keppel REIT's 2H22 distribution per unit (DPU) rose 2.4% y-o-y to S$0.0295.
- Expecting positive rental reversions of mid-to high-single digit for Singapore office portfolio in FY23.
- Aggregate leverage ratio unchanged at 38.4%, but cost of borrowing set to increase further.
Keppel REIT's 2H22 results in-line with our expectations
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- For FY22, Keppel REIT’s NPI increased 2.0% to S$175.9m, while DPU inched up 1.7% to S$0.0592 and was very close to our forecast of S$0.059.
Healthy rental reversions, though this is likely to moderate in FY23
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