CGS-CIMB analyst Lock Mun Yee has reiterated their bullish stance on KREVF stock, giving a Buy rating yesterday.
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Lock Mun Yee’s rating is based on a combination of factors that highlight Keppel REIT’s strong performance and strategic initiatives. The REIT reported a significant year-on-year increase in revenue and net property income for the first nine months of 2025, driven by contributions from key properties and positive rental reversions. Despite a slight dip in distribution income due to management fee payments in cash, the overall financial health remains robust with a stable aggregate leverage and a majority of debt on fixed rates.
Furthermore, Keppel REIT’s portfolio occupancy improved to 96.3% by the end of the third quarter, with notable demand from various sectors. The REIT also announced a strategic acquisition of a stake in an Australian retail mall, expected to enhance its distribution per unit. These factors, alongside the management’s focus on portfolio optimization and potential for rental growth, underpin the Buy rating, with a target price maintained at S$1.20.
In another report released yesterday, DBS also maintained a Buy rating on the stock with a S$1.10 price target.
KREVF’s price has also changed moderately for the past six months – from $0.651 to $0.830, which is a 27.50% increase.