Keppel REIT stock heads toward October 28 results after income growth

Published on 10/07/2026 at 06:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Keppel REIT stock heads toward its October 28, 2026 business update after distributable income rose 25.2 percent in 1H 2026. DPU fell 4.0 percent as the unit base expanded.

Keppel REIT, SG1T22929874, Illustration mit AI erstellt.

Keppel REIT (ISIN SG1T22929874) was last at SGD 0.85 on the Singapore Exchange on October 7, 2026, with a market capitalization of SGD 3.3 billion. The trust will publish its third-quarter and nine-month 2026 business update on October 28, according to Keppel on October 2, 2026.

Income growth meets dilution

Keppel REIT delivered 1H 2026 distributable income from operations of SGD 119.6 million, up 25.2 percent year over year, while net property income rose 13.1 percent to SGD 122.5 million, according to Quartr on September 11, 2026.

The distribution picture was less favorable per unit: DPU fell 4.0 percent year over year to 2.61 Singapore cents because the enlarged unit base spread income across more units. That contrast is the central issue for the next business update.

Portfolio recycling supports income

The first-half figures included a 40.0 percent aggregate leverage ratio as of June 30, 2026, while portfolio committed occupancy stood at 96.0 percent and rental reversion reached 12.8 percent, according to Quartr in the same September 11, 2026 summary.

Keppel REIT also divested KR Ginza II in Tokyo for JPY 11.52 billion, a 28.4 percent premium to its purchase price and a 9.7 percent premium to its latest valuation, according to TipRanks on September 16, 2026. The transaction adds capital recycling to the October reporting checkpoint.

Analysts see room above SGD 0.85

Investing.com lists a Neutral consensus from 16 analysts, with an average 12-month price target of SGD 0.967, a high of SGD 1.10 and a low of SGD 0.82. The average target lies 13.76 percent above the SGD 0.85 price.

DBS maintained a Buy rating on September 24, 2026, while cutting its target from SGD 1.10 to SGD 1.00, according to DBS. Its report also projects distribution income of SGD 259 million for fiscal year 2026, compared with SGD 212 million for fiscal year 2025.

Stock holds above its yearly low

Keppel REIT was last at SGD 0.85 on October 7, 2026, at 11:59 a.m. SGT, up 0.59 percent on the session. The price stood 2.41 percent above the 52-week low of SGD 0.83 and below the 52-week high of SGD 1.08.