- 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
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-01-30
Read also OCBC's most recent report:
2023-07-27 Keppel REIT - Slight Dip In DPU As Expected.
Previous report by OCBC:
2023-04-20 Keppel REIT - Positive Operating Metrics But Headwinds From Borrowing Costs..
Price targets by 5 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
