H27 Stock Overview

H27 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 44.4% below our estimate of its fair value

Earnings are forecast to grow 12.18% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 6.44% is not well covered by earnings or free cash flows

Profit margins (35.2%) are lower than last year (88.1%)

My Notes

Capture your thoughts, links and company narrative

Keppel REIT Competitors

Hamborner REIT

XTRA:HABA

€512.5m

Japan Prime Realty Investment

TSE:8955

JP¥314.6b

ORIX JREIT

TSE:8954

JP¥452.9b

Mindspace Business Parks REIT

NSEI:MINDSPACE

₹218.8b

Price History & Performance

Summary of share price highs, lows and changes for Keppel REIT
Historical stock prices
Current Share Price	S$0.60
52 Week High	S$0.67
52 Week Low	S$0.53
Beta	0.56
1 Month Change	1.02%
3 Month Change	-6.18%
1 Year Change	-10.02%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-0.79%

Recent updates

Shareholder Returns

	H27	DE Office REITs	DE Market
7D	2.4%	-0.09%	0.3%
1Y	-10.0%	-12.5%	8.4%

Return vs Industry: H27 exceeded the German Office REITs industry which returned -12.5% over the past year.

Return vs Market: H27 underperformed the German Market which returned 8.4% over the past year.

Price Volatility

Is H27's price volatile compared to industry and market?
H27 volatility
H27 Average Weekly Movement	3.3%
Office REITs Industry Average Movement	2.8%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: H27 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: H27's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	Wee Lih Koh	www.keppelreit.com

Listed by way of an introduction on 28 April 2006, Keppel REIT is one of Asia’s leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific’s key business districts. Keppel REIT’s objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific. Keppel REIT has a portfolio value of over $9.0 billion, comprising properties in Singapore; the key Australian cities of Sydney, Melbourne and Perth; Seoul, South Korea; as well as Tokyo, Japan.

Keppel REIT Fundamentals Summary

How do Keppel REIT's earnings and revenue compare to its market cap?
H27 fundamental statistics
Market cap	€2.36b
Earnings (TTM)	€87.00m
Revenue (TTM)	€247.35m

27.2x

P/E Ratio

9.6x

P/S Ratio

Is H27 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
H27 income statement (TTM)
Revenue	S$349.79m
Cost of Revenue	S$52.23m
Gross Profit	S$297.56m
Other Expenses	S$174.54m
Earnings	S$123.02m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.032
Gross Margin	85.07%
Net Profit Margin	35.17%
Debt/Equity Ratio	47.5%

How did H27 perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

128%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 08:49
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Keppel REIT is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tricia Song	Barclays
Kang Ho Chong	BNP Paribas Securities (Asia)
Donald Chua	BofA Global Research