Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Keppel REIT, or KREIT, is a commercial real estate investment trust with properties valued at about SGD 9 billion across Singapore, Australia and South Korea. In Singapore, its portfolio consists of a 100% stake in Keppel Bay Tower, a 79.9% stake in Ocean Financial Centre, a 33.33% stake in Marina Bay Financial Centre and a 33.33% stake in One Raffles Quay. In Australia, it owns a 50% stake in five properties across Sydney, Melbourne, Brisbane and Perth. It is also in the process of acquiring 100% stake in Pinnacle Office Park in Sydney. In South Korea, it owns around 99.4% of T Tower in Seoul. The trust is externally managed by Keppel REIT Management Limited, a subsidiary of Keppel Capital. Parent Keppel Corporation currently retains an approximate 48% stake in KREIT.
Singapore, 098632, Singapore