Keppel REIT

Premium Singapore Office Demand Will Deliver Future Rental Strength

AnalystConsensusTarget

Not Invested

Consensus Narrative from 15 Analysts

Published

03 Aug 25

Updated

14 Aug 25

AnalystConsensusTarget's Fair Value

S$1.00

3.6% undervalued

14 Aug

S$0.96

9.0%

2.1%

Author's Valuation

S$1.0

3.6% undervalued

AnalystConsensusTarget Fair Value

Narrative

Updates0

AnalystConsensusTarget Fair Value

S$1.0

3.6% undervalued

Future estimation in

% p.a.

Decrease

Increase

Current revenue growth rate

-5.80%

Office REITs revenue growth rate

0.04%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

6.80%

Calculation

S$189.60m

Earnings '28

26.24x

PE Ratio '28

S$4.97b

Market Cap '28

S$4.97b

Market Cap '28

4.07b

No. shares '28

S$1.22

Share Price '28

S$1.22 Share Price '28

Discounted to 2025 @ 6.75% p.a.

S$1.00

Fair Value '25