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Keppel REIT

K71U: XSES (SGP)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
SGD 7.74NslwSqrrkxw

Keppel REIT's Portfolio of High Quality Office Assets Underpins a Stable Income Profile

Business Strategy and Outlook

Keppel REIT is a pure-play commercial real estate investment trust with SGD 9.2 billion of office assets (as of Dec. 31, 2023) spread across Singapore, Australia, South Korea, and Japan. Most of its assets are income-producing, with one office building in Sydney currently under development. Most of its assets are Grade A office buildings located in central business districts, where they are highly coveted for quality office space and proximity to businesses and key transport nodes. This enables Keppel REIT to command premium rent while maintaining high occupancy rates. In addition, its tenant base is one of the best in class, with government agencies and international banks in its register.

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