Keppel REIT's Unit-Price Upside Appears Limited -- Market Talk

Dow Jones

2025/10/09

0244 GMT - Keppel REIT's unit-price upside appears limited, as it trading closer to fair value, RHB Research's Vijay Natarajan says as he downgrades the REIT to neutral from buy with an unchanged target price of S$1.05. Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 22:44 ET (02:44 GMT)

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Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2025 22:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999016042.SGD","symbol_name":"Schroder Singapore Trust A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574231183","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574231183","pubTimestamp":1759977840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0244 GMT - Keppel REIT's unit-price upside appears limited, as it trading closer to fair value, RHB Research's Vijay Natarajan says as he downgrades the REIT to neutral from buy with an unchanged target price of S$1.05. Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. 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Also, the REIT's latest acquisition of a shopping centre in Sydney looks neutral to RHB. Although the acquisition price seems fair, the addition of a new retail asset class in the Australian market dilutes the REIT's overall investor appeal as a prime office landlord, the analyst says in a note. Following the acquisition, the REIT's fund-raising gearing is expected to be slightly lower but still relatively high at 41.6% versus 41.7% as at end-June. Units are 1.9% lower at S$1.01. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2025 22:44 ET (02:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}