Keppel REIT - UOB Kay Hian 2025-01-31: Inorganic Growth From Australia

• New CEO Chua Hsien Yang took over on 1 Jan 25. Management has changed its policy to pay 75% of management fees through new Keppel REIT units from 2025.
• Keppel REIT's DPU of 2.80 cents for 2H24 (-3.4% y-o-y) is slightly below our expectations.

Broad-based growth in Singapore and overseas.

• - Read this at SGinvestors.io -
• Borrowings costs increased 34.3% y-o-y.

Clocked double-digit rental reversion.

• - Read this at SGinvestors.io -
• DBS (SGX:D05), the anchor tenant at Marina Bay Financial Centre, has renewed its lease for six years. Tenant retention was healthy at 79%.

Committed occupancy improved 0.3ppt q-o-q to 97.9% in 4Q24.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-04-24 Keppel REIT 1Q25 - Completes AEI For Pinnacle Office Park & 255 George Street.

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