Keppel REIT's Portfolio Occupancy Appears to Be Improving -- Market Talk

Dow Jones

Jan 31

0423 GMT - Keppel REIT's portfolio occupancy seems to be improving, Maybank Research's Krishna Guha says in a research report as the brokerage maintains a buy rating. The REIT maintained a high portfolio committed occupancy of 97.9% as at Dec. 31 versus 97.6% as at Sept. 30 through proactive asset management, bolstered by a flight-to-quality trend, the analyst notes. Its commentary also suggests healthy leasing demand and positive rental adjustments in 2025, the analyst adds. However, the brokerage lowers its 2026 earnings forecast for the REIT by 7% to reflect an absence of rental support and lower income from Australia. It trims the target price to S$1.00 from S$1.05. Units are unchanged at S$0.86. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 30, 2025 23:23 ET (04:23 GMT)

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The REIT maintained a high portfolio committed occupancy of 97.9% as at Dec. 31 versus 97.6% as at Sept. 30 through proactive asset management, bolstered by a flight-to-quality trend, the analyst notes. Its commentary also suggests healthy leasing demand and positive rental adjustments in 2025, the analyst adds. However, the brokerage lowers its 2026 earnings forecast for the REIT by 7% to reflect an absence of rental support and lower income from Australia. It trims the target price to S$1.00 from S$1.05. Units are unchanged at S$0.86. 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The REIT maintained a high portfolio committed occupancy of 97.9% as at Dec. 31 versus 97.6% as at Sept. 30 through proactive asset management, bolstered by a flight-to-quality trend, the analyst notes. Its commentary also suggests healthy leasing demand and positive rental adjustments in 2025, the analyst adds. However, the brokerage lowers its 2026 earnings forecast for the REIT by 7% to reflect an absence of rental support and lower income from Australia. It trims the target price to S$1.00 from S$1.05. Units are unchanged at S$0.86. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 23:23 ET (04:23 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":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507878939","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507878939","pubTimestamp":1738297380,"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":"0423 GMT - Keppel REIT's portfolio occupancy seems to be improving, Maybank Research's Krishna Guha says in a research report as the brokerage maintains a buy rating. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN4.SI":"吉宝有限公司","BK4223":"办公室房地产信托","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","KREVF":"Keppel REIT","K71U.SI":"吉宝房地产信托","CFA.SI":"NikkoAM-STC Asia REIT","BK6099":"办公房地产投资信托"},"translate_title":"吉宝房地产投资信托基金的投资组合入住率似乎正在改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"K71U.SI":0.9,"CFA.SI":1,"BN4.SI":1,"KREVF":1,"REIT":1},"content_text":"0423 GMT - Keppel REIT's portfolio occupancy seems to be improving, Maybank Research's Krishna Guha says in a research report as the brokerage maintains a buy rating. The REIT maintained a high portfolio committed occupancy of 97.9% as at Dec. 31 versus 97.6% as at Sept. 30 through proactive asset management, bolstered by a flight-to-quality trend, the analyst notes. Its commentary also suggests healthy leasing demand and positive rental adjustments in 2025, the analyst adds. However, the brokerage lowers its 2026 earnings forecast for the REIT by 7% to reflect an absence of rental support and lower income from Australia. It trims the target price to S$1.00 from S$1.05. Units are unchanged at S$0.86. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 23:23 ET (04:23 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":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}