0146 GMT - Keppel Infrastructure Trust could offer special distributions to unitholders as the Singapore-listed business trust unlocks value through active portfolio management, say Macquarie Capital analysts in a note. They expect the infrastructure-focused trust to be able to make new acquisitions without raising equity, noting its S$180 million divestment proceeds from 2025 and debt headroom of around S$726 million. The trust has offered outsized special distributions previously, they note, citing a 2023 capital-optimization move that resulted in an extra 60% payout over its base distribution per unit. The trust is likely able to maintain its generous dividend yield of around 7%, they add. Macquarie starts coverage of Keppel Infrastructure with an outperform rating and S$0.61 target price. Units fall 0.9% to S$0.53. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 21:46 ET (01:46 GMT)

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