Keppel REIT - OCBC Investment Research 2025-01-28: Singapore Office Market Outlook Appears More Positive

• Keppel REIT’s 2H24 property income and net property income (NPI) attributable to unitholders jumped 15.5% and 15.3% y-o-y to S$136.5m and S$95.7m respectively. However, as borrowing costs increased 34.3% y-o-y to S$47.3m, Keppel REIT's DPU declined by 3.4% y-o-y to 2.80 Singapore cents.

2H24 & FY24 results met our expectations.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Strong portfolio rental reversions of 13.2% in FY24; we see room for continued positive rental uplifts in FY25.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-04-23 Keppel REIT - Slight Dip In Distributable Income.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
Keppel REIT News