Keppel REIT's Valuations Look Undemanding -- Market Talk

Dow Jones

2024/10/23

0323 GMT - Keppel REIT's valuations remain undemanding, says RHB Singapore's Vijay Natarajan. The REIT's 3Q portfolio occupancy improved, he says, noting strong double-digit increase in rents for its Australian assets. He notes that rents are likely to rise by mid to high single digits in 2025, and that financing costs are expected to peak in 1Q 2025. The REIT trades at a price-to-book ratio of 0.7X and remains RHB's top pick in the office sector. RHB maintains a buy rating with a target price of S$1.05. Units are down 0.5% at S$0.92. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 22, 2024 23:23 ET (03:23 GMT)

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The REIT's 3Q portfolio occupancy improved, he says, noting strong double-digit increase in rents for its Australian assets. He notes that rents are likely to rise by mid to high single digits in 2025, and that financing costs are expected to peak in 1Q 2025. The REIT trades at a price-to-book ratio of 0.7X and remains RHB's top pick in the office sector. RHB maintains a buy rating with a target price of S$1.05. Units are down 0.5% at S$0.92. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 23:23 ET (03:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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 Valuations Look Undemanding -- 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 Valuations Look Undemanding -- 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\">2024-10-23 11:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0323 GMT - Keppel REIT's valuations remain undemanding, says RHB Singapore's Vijay Natarajan. The REIT's 3Q portfolio occupancy improved, he says, noting strong double-digit increase in rents for its Australian assets. He notes that rents are likely to rise by mid to high single digits in 2025, and that financing costs are expected to peak in 1Q 2025. The REIT trades at a price-to-book ratio of 0.7X and remains RHB's top pick in the office sector. RHB maintains a buy rating with a target price of S$1.05. Units are down 0.5% at S$0.92. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 23:23 ET (03:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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":"BK6132","symbol_name":"办公室房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477344447","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477344447","pubTimestamp":1729653780,"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":"0323 GMT - Keppel REIT's valuations remain undemanding, says RHB Singapore's Vijay Natarajan. The REIT's 3Q portfolio occupancy improved, he says, noting strong double-digit increase in rents for its Australian assets. He notes that rents are likely to rise by mid to high single digits in 2025, and that financing costs are expected to peak in 1Q 2025. The REIT trades at a price-to-book ratio of 0.7X and remains RHB's top pick in the office sector. RHB maintains a buy rating with a target price of S$1.05. Units are down 0.5% at S$0.92. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6132":"办公室房地产信托","BK6512":"房地产股","BK4194":"办公房地产投资信托","REIT":"ALPS Active REIT ETF","BN4.SI":"吉宝有限公司","KREVF":"Keppel REIT","BK4223":"办公室房地产信托","CFA.SI":"NikkoAM-STC Asia REIT","BK6099":"办公房地产投资信托","K71U.SI":"吉宝房地产信托"},"translate_title":"吉宝房地产投资信托基金的估值看起来并不高——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REIT":1,"CFA.SI":1,"BN4.SI":1,"KREVF":1,"K71U.SI":0.9},"content_text":"0323 GMT - Keppel REIT's valuations remain undemanding, says RHB Singapore's Vijay Natarajan. The REIT's 3Q portfolio occupancy improved, he says, noting strong double-digit increase in rents for its Australian assets. He notes that rents are likely to rise by mid to high single digits in 2025, and that financing costs are expected to peak in 1Q 2025. The REIT trades at a price-to-book ratio of 0.7X and remains RHB's top pick in the office sector. RHB maintains a buy rating with a target price of S$1.05. Units are down 0.5% at S$0.92. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 23:23 ET (03:23 GMT)\n\n\n  Copyright (c) 2024 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"}}}