Morningstar

Keppel REIT K71U

Morningstar Rating
Unlock
Stock XSES Rating as of
SGD 0.86 0.00 (0.00%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Keppel REIT's Portfolio of High-Quality Office Assets Underpins a Stable Earnings

Xavier Lee

Keppel REIT is a commercial real estate investment trust with SGD 11.8 billion of office assets (as of June 30, 2026) spread across Singapore, Australia, South Korea, and Japan. Most of its assets are Grade A office buildings 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.

Read Full Report

Price vs Fair Value

View History
K71U is trading at a LOCK|#F>X!gJ premium.
Price
SGD 0.86
Fair Value
S.N
Uncertainty
!D!
1-Star Price
LOCK|^cB
5-Star Price
LOCK|&@<
Economic Moat
LOCK|ZP
Capital Allocation
LOCK|ZV>@S%@

Bulls Say, Bears Say

Bulls

KREIT has a strong and reputable sponsor with expertise in property development that it can tap for a future acquisition pipeline and to participate in development opportunities.

Bears

Although investments in Australia and South Korea provide geographical diversification, most income is derived from Singapore, exposing KREIT to downside potential in the event of an economic slowdown there.

Show More

Trading Information

Previous Close Price
SGD 0.86
Day Range
SGD 0.86–0.87
52-Week Range
SGD 0.78–1.01
Bid/Ask
SGD 0.86 / SGD 0.86
Shares Outstanding
4.98B
Market Cap
SGD 4.28B
Volume/Avg
15M / 16M

Key Statistics

Price/Earnings (Normalized)
17.74
Price/Sales
12.73
Dividend Yield (Trailing)
5.95%
Dividend Yield (Forward)
5.95%
Dividend Payment Schedule
Mar, Sep, Nov
Total Yield
5.95%

Company Profile

Keppel REIT is a commercial real estate investment trust with a SGD 11.8 billion portfolio of assets (as of June 30, 2026) across Singapore, Australia, South Korea, and Japan. The majority of its assets are in Singapore, where it owns a 100% stake in Keppel Bay Tower, a 79.9% stake in Ocean Financial Centre, 66.7% stake in Marina Bay Financial Centre 3 and a 33.33% stake in Marina Bay Financial Centre 1 and 2 and One Raffles Quay. The trust is externally managed by Keppel REIT Management, a subsidiary of Keppel Capital. Parent Keppel Ltd. currently retains an approximate 38% stake in Keppel REIT.
Sector
Real Estate
Industry
REIT - Office
Stock Style Box
Mid Value
Total Number of Employees
24
Website
https://www.keppelreit.com

Competitors

Valuation

View More
Metric
K71U
C38U
T82U
Price/Earnings (Normalized)
 17.7414.9113.42
Price/Book Value
 0.691.080.72
Price/Sales
 12.7310.679.08
Price/Cash Flow
 38.5920.3716.09
Price/Earnings
K71U
C38U
T82U

Financial Strength

Metric
K71U
C38U
T82U
Quick Ratio
 0.220.170.27
Current Ratio
 0.312.140.28
Interest Coverage
 6.915.842.63
Quick Ratio
K71U
C38U
T82U

Profitability

Metric
K71U
C38U
T82U
Return on Assets (Normalized)
 5.67%4.77%2.99%
Return on Equity (Normalized)
 10.04%7.92%5.48%
Return on Invested Capital (Normalized)
 6.71%5.92%4.07%
Return on Assets
K71U
C38U
T82U

REIT - Office Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BXP Inc
BXP
LOCK|@f<pDlLOCK|$@$11B
 Merlin Properties SOCIMI SA ADR
MPTYY
—LOCK|>?m$10B
 Merlin Properties SOCIMI SA
MRPRF
—LOCK|PZz$10B
 Alexandria Real Estate Equities Inc
ARE
LOCK|tL@C?>LOCK|!&$9B
 Nippon Building Fund Inc
NBFJF
—LOCK|>w$K$7B
 Vornado Realty Trust
VNO
LOCK|by^YGNcLOCK|?gn$7B
 Gecina Nom
GECFF
—LOCK|^sZ$6B
 Japan Real Estate Investment Corp
JREIF
—LOCK|jxB$5B
 Kilroy Realty Corp
KRC
LOCK|^Gh$HjSLOCK|g$$4B
 SL Green Realty Corp
SLG
LOCK|Rv%^@<LOCK|<tk$4B

Sponsor Center