Is Keppel REIT a buy?
RHB on Wednesday upgraded Keppel Reit to “buy” from “neutral”, as it remains optimistic on the real estate investment trust’s (Reit) long term fundamentals. It also sees value emerging at present levels – where Keppel Reit is trading at 0.8 times its book value.
Who owns Keppel REIT?
Keppel Land
Keppel REIT is sponsored by Keppel Land Limited, a wholly-owned subsidiary of Keppel Corporation Limited. It is managed by Keppel REIT Management Limited, a wholly-owned subsidiary of Keppel Capital Holdings Pte Ltd (Keppel Capital).
Does Keppel Corp own Keppel DC REIT?
M1 is jointly owned by Keppel Corp and Singapore Press Holdings, which publishes The Business Times. Keppel DC Reit or its wholly-owned subsidiaries will subscribe to the bonds, while the Reit’s subsidiary KDCR Singapore 2 will subscribe to the preference shares.
What does Keppel REIT own?
It currently owns three Grade A office assets in core CBD Singapore, six commercial Grade A office assets in major cities in Australia and one in Seoul, South Korea.
What does SPH REIT own?
real estate investment trust
SPH REIT is a real estate investment trust. The Company invests in a portfolio of real estate, which is used for retail purposes in Asia-Pacific, as well as real estate related assets. Its segments include Paragon and The Clementi Mall. Paragon is a retail mall and medical suite/office property.
What does Keppel DC REIT do?
About KEPPEL DC REIT Keppel DC REIT (the trust) is a Singapore-based data center real estate investment trust (REIT). The Trust is focused on investing in a portfolio of real estate assets used primarily for data center purposes, as well as real estate related assets.
Who bought over M1?
2018–present: Keppel, SPH, delisting, and 5G In February 2019, Singapore Press Holdings (SPH) and the Keppel Corporation (through their joint venture, Konnectivity Ltd) completed a buyout of Axiata’s shares in M1, which totaled 28.7%.
Does SPH own SPH REIT?
SPH REIT’s occupancy as at 31 August 2019 for Australia assets and SPH REIT portfolio total do not include Westfield Marion….Portfolio Occupancy.
| Paragon | |
| As at 31 August 2018 | 99.6% |
| As at 31 August 2019 | 99.8% |
| As at 31 August 2020 | 97.8% |
Is SPH REIT under SPH?
SPH REIT was listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 24 July 2013 and is sponsored by Singapore Press Holdings Limited (“SPH” or the “Sponsor”), Asia’s leading media organisation with publications across multiple languages and platforms.
What is the target price for Keppel DC REIT?
Stock Price Target AJBU
| High | $3.30 |
|---|---|
| Median | $2.85 |
| Low | $2.50 |
| Average | $2.88 |
| Current Price | $2.37 |
What is a domestically controlled REIT?
A domestically controlled REIT is any REIT in which, at all times during the testing period more than 50% in value of the stock was held directly or indirectly by US persons.
How big is Keppel real estate investment trust?
Keppel REIT is one of Asia’s leading real estate investment trusts (REITs) listed on the Singapore Exchange with a portfolio of Grade A commercial assets in key business districts pan-Asia. The REIT has assets under management of over $8 billion in Singapore, key Australian cities of Sydney, Melbourne and Perth, as well as Seoul, South Korea.
What is the coupon rate of Keppel REIT?
KEPPEL Reit has priced S$150 million notes with a fixed coupon rate of 2.07 per cent per annum due 2028, the Reit manager announced in a bourse filing on Wednesday.
How is the Straits Times REIT index doing?
Since Sept 2002, which is as far back as the FTSE REIT Index goes, REITs have outperformed the Straits Times Index by two times. Including distributions reinvested, the FTSE REIT Index has gained 520% these 20 years while the STI, with dividends reinvested, is up just 242%. In the past 10 years, the…