Broker Name: Bloomberg
Date of Report: 28 July 2026
Excerpt from Bloomberg report:
Report Summary
- Stock: Keppel REIT
- Key Actionable Insight: The consensus among analysts is mixed, with 6 buys, 9 holds, and 2 sells. No explicit target price is provided in the excerpt.
- Highlights:
- 1H Net Property Income rose 13% year-on-year to S\$122.5 million, mainly driven by contributions from Top Ryde City Shopping Centre.
- Gross rental income increased by 18% year-on-year to S\$150.5 million.
- Income available for distribution grew 23% year-on-year to S\$129.6 million.
- Distribution per unit decreased slightly to S\$0.0261 from S\$0.0272 year-on-year.
- Aggregate leverage was 40.0% at end-June 2026, with 62% of borrowings on fixed rates.
- Implication: Keppel REIT has shown improved operational performance with higher rental and property income, though distribution per unit slightly decreased. The leverage position and fixed-rate debt proportion are important considerations for investors.
Above is an excerpt from a report by Bloomberg. Clients of Bloomberg can access the full research report from the broker’s website: Bloomberg research website.
