Keppel REIT

Keppel REIT

KREVF
Keppel REITUS flagOther OTC
0.65
USD
- -
- -
2.54BMarket Cap
Keppel REIT
KREVF
(Other OTC)

Recent

price

0.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.06
0.05
0.06
0.06
0.06
0.05
0.05
0.05
0.05
0.05
0.05
0.06
0.06
0.06
0.07
- -
0.05
Revenue per Share
0.07
0.22
0.13
0.2
0.13
0.11
0.08
0.05
0.05
0.04
- -
0.07
0.11
0.05
0.03
- -
0.04
Basic EPS, GAAP
0.01
0.02
0.03
0.02
0.01
0.04
0.03
0.04
0.03
0.03
0.03
0.03
0.04
0.04
0.05
- -
0.03
Free Cash Flow per Basic Share
0.05
0.07
0.08
0.08
0.08
0.06
0.06
0.05
0.05
0.06
0.04
0.06
0.06
0.06
0.06
- -
0.06
Dividend per Share
1.41
2.3
1.61
1.83
1.99
1.89
1.9
1.42
1.4
1.35
1.32
1.34
1.39
1.37
1.34
- -
1.34
Book Value per Share
1.38
2.36
1.3
1.42
1.54
1.48
1.45
1.42
1.57
1.52
1.54
1.53
1.57
1.52
1.48
- -
1.51
Tangible Book Value per Share
1,462
1,423
2,596
2,720
2,864
3,197
3,266
3,343
3,404
3,404
3,398
3,644
3,730
3,772
3,819
- -
3,408
Basic Weighted Avg Shares
85
78
157
174
184
170
161
165
166
164
170
217
219
233
262
274
160
Sales/Revenue/Turnover
58.86
-3.32
9.81
25.09
33.21
36.36
34.46
38.26
42.58
44.05
47.25
50.92
51.28
51.49
52.32
54.6
48.72
Operating Margin (%)
23
36
65
45
37
19
15
12
8
3
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
109
310
330
535
372
339
258
180
154
127
-6
241
415
178
108
454
143
Net Income, GAAP
3.1
1.96
4.28
3.04
3.03
7.62
7.63
8.69
6.21
7.42
94.34
8.25
0.45
5.56
0.92
2.65
6.94
Effective Tax Rate (%)
129.18
397.11
210.16
307.21
201.94
198.84
159.8
109.46
92.63
77.66
-3.48
111.34
189.18
76.38
41.46
165.57
89.36
Profit Margin (%)
17
-539
-179
-273
-155
74
230
-285
140
-17
-48
-47
82
-169
-651
-1,287
-59
Working Capital
996
1,656
2,268
2,401
2,390
2,464
2,482
2,097
2,226
2,022
2,222
2,539
2,208
2,074
1,964
2,437
2,033
LT Debt
2,056
3,492
3,466
3,899
4,459
4,778
4,899
4,915
5,336
5,164
5,220
5,590
5,865
5,751
5,641
6,007
5,133
Total Equity
1.71
-0.06
0.25
0.68
0.86
0.79
0.7
0.78
0.88
0.9
0.06
1.27
1.31
1.35
1.65
1.62
0.96
Return on Invested Capital (%)
4.45
7.6
6.03
8.2
5.33
4.71
3.61
2.92
2.89
2.33
-0.13
3.55
5.29
2.69
2.14
5.49
2.43
Return on Capital (%)
5.38
11.59
8.83
11.65
6.96
5.78
4.21
3.28
3.23
2.73
-0.13
5.15
8.25
3.44
2.11
8.62
3.09
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'19
Mar'20
Jun'20
ST Debt
100
100
143
LT Borrowings
2,022
2,041
2,033
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,373
3,386
3,397
Market Capitalization
4,360
3,389
3,824

Working Capital

FRC

in mil. unless spec.
Dec'19
Mar'20
Jun'20
Total Current Assets
142
139
140
Cash, Cash Equivalents & STI
114
99
88
Accounts Receivable, Net
13
38
40
Inventories
- -
- -
- -
Total Current Liabilities
160
150
199
Payables & Accruals
- -
- -
- -
ST Debt
100
100
143
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.39%
2.93%
6.48%
Free Cash Flow
8.08%
17.14%
18.18%
Net Income, GAAP
-406.73%
-775.37%
319.05%
Sales/Revenue/Turnover
5.21%
10.39%
4.93%
Total Cash Common Dividend
4.82%
15.59%
27.69%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
233
2024
- -
- -
- -
- -
262
2025
- -
- -
- -
- -
274

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.05
2024
- -
- -
- -
- -
0.03
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.06
2024
- -
- -
- -
- -
0.06
2025
- -
- -
- -
- -
- -
Business
Keppel REIT (SGX: K71U), one of Asia's leading real estate investment trusts listed on the Singapore Exchange since its introduction in 2006, invests in a diversified portfolio of prime income-producing commercial properties across Asia Pacific; its assets primarily comprise Grade-A office buildings and integrated developments with retail components, including Marina Bay Financial Centre, One Raffles Quay and Bugis Point in Singapore; 8 Chifley Square and David Malcolm Justice Centre in Australia; Korea Office 25 in Seoul, South Korea; and nodespace megahub Tokyo in Japan. Headquartered in Singapore and managed by Keppel REIT Management Limited with sponsorship from Keppel Corporation, the REIT targets blue-chip corporate tenants in key business districts of Singapore (portfolio weight approximately 76%), Australia (Sydney, Melbourne, Perth; 20%), South Korea (3%) and Japan (1%), delivering stable rental income through high occupancy rates exceeding 95% and long weighted average lease terms; total portfolio value stands at approximately S$9.5-9.8 billion as of late 2025. In recent strategic developments, Keppel REIT expanded into pure-play retail with the October 2025 announcement to acquire a 75% effective interest in Sydney's Top Ryde City Shopping Centre, a freehold suburban mall valued at A$393.8 million (S$335 million), anchored by supermarkets including Coles, Woolworths, ALDI and Kmart with 96% occupancy and rental guarantees, marking its first dedicated retail asset and forming a joint venture with MA Financial Group subsidiaries for asset and property management; the deal, funded via a S$113 million private placement of new units, subordinated perpetual securities and Australian debt, is pro forma DPU-accretive by 0.9% for FY2024 and expected to complete in 1Q2026 pending approvals. Earlier in April 2024, it acquired a 50% interest in Sydney's 255 George Street, a freehold Grade-A office tower for A$363.8 million, deepening ties with partner Mirvac and yielding over 6% with rent guarantees; financing activities include issuance of S$300 million 3.78% subordinated perpetual securities in August 2025 (with a favorable tax ruling secured in December 2025), S$100 million 3.28% securities in November 2025, redemption of prior S$300 million 3.15% securities in August 2025, and upsizing of its multicurrency debt programme in June 2025; third-quarter 2025 updates highlighted strong Singapore office demand and contributions from new assets, alongside ongoing sustainability recognitions including 2025 GRESB performance.

Company News

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