Keppel REIT's Retail Move Likely Reflects Limited Office Opportunities -- Market Talk

Dow Jones

Oct 09

0343 GMT - Keppel REIT's expansion into Australian retail likely reflects the limited inorganic growth opportunities in the office sector, says Morningstar's Xavier Lee in a note. He notes the lack of high-quality, attractively-priced office assets in Singapore, while acquisitions into the Australian office market are less appealing due to high vacancy rates. The mall that Keppel REIT is buying a majority stake in focuses on nondiscretionary retail, which likely offers defensive characteristics and could help mitigate the office sector's cyclical risks, the analyst adds. Keppel REIT remains Morningstar's top sector pick. Morningstar maintains its fair value estimate at S$1.16. Units are down 1.9% at S$1.01.(megan.cheah@wsj.com)

(END) Dow Jones Newswires

October 08, 2025 23:43 ET (03:43 GMT)

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He notes the lack of high-quality, attractively-priced office assets in Singapore, while acquisitions into the Australian office market are less appealing due to high vacancy rates. The mall that Keppel REIT is buying a majority stake in focuses on nondiscretionary retail, which likely offers defensive characteristics and could help mitigate the office sector's cyclical risks, the analyst adds. Keppel REIT remains Morningstar's top sector pick. Morningstar maintains its fair value estimate at S$1.16. Units are down 1.9% at S$1.01.(megan.cheah@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 23:43 ET (03:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel REIT's Retail Move Likely Reflects Limited Office Opportunities -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel REIT's Retail Move Likely Reflects Limited Office Opportunities -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-10-09 11:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0343 GMT - <a href=\"https://laohu8.com/S/KREVF\">Keppel REIT</a>'s expansion into Australian retail likely reflects the limited inorganic growth opportunities in the office sector, says Morningstar's Xavier Lee in a note. He notes the lack of high-quality, attractively-priced office assets in Singapore, while acquisitions into the Australian office market are less appealing due to high vacancy rates. The mall that Keppel REIT is buying a majority stake in focuses on nondiscretionary retail, which likely offers defensive characteristics and could help mitigate the office sector's cyclical risks, the analyst adds. Keppel REIT remains Morningstar's top sector pick. Morningstar maintains its fair value estimate at S$1.16. Units are down 1.9% at S$1.01.(megan.cheah@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 23:43 ET (03:43 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":"LU1242518857.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2574186252","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2574186252","pubTimestamp":1759981380,"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":"0343 GMT - Keppel REIT's expansion into Australian retail likely reflects the limited inorganic growth opportunities in the office sector, says Morningstar's Xavier Lee in a note. He notes the lack of high-quality, attractively-priced office assets in Singapore, while acquisitions into the Australian office market are less appealing due to high vacancy rates. The mall that Keppel REIT is buying a majority stake in focuses on nondiscretionary retail, which likely offers defensive characteristics and could help mitigate the office sector's cyclical risks, the analyst adds. Keppel REIT remains Morningstar's top sector pick. Morningstar maintains its fair value estimate at S$1.16. 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He notes the lack of high-quality, attractively-priced office assets in Singapore, while acquisitions into the Australian office market are less appealing due to high vacancy rates. The mall that Keppel REIT is buying a majority stake in focuses on nondiscretionary retail, which likely offers defensive characteristics and could help mitigate the office sector's cyclical risks, the analyst adds. Keppel REIT remains Morningstar's top sector pick. Morningstar maintains its fair value estimate at S$1.16. Units are down 1.9% at S$1.01.(megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2025 23:43 ET (03:43 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"}}}