Keppel REIT was listed by way of an introduction on 28 April 2006.
Average dividend payer with imperfect balance sheet.
Share Price & News
How has Keppel REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KREV.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KREV.F underperformed the US REITs industry which returned -10.6% over the past year.
Return vs Market: KREV.F underperformed the US Market which returned 7.1% over the past year.
Price Volatility Vs. Market
How volatile is Keppel REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Keppel REIT undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KREV.F ($0.72) is trading above our estimate of fair value ($0.45)
Significantly Below Fair Value: KREV.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KREV.F is poor value based on its PE Ratio (31.5x) compared to the REITs industry average (27.2x).
PE vs Market: KREV.F is poor value based on its PE Ratio (31.5x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: KREV.F is poor value based on its PEG Ratio (5.6x)
Price to Book Ratio
PB vs Industry: KREV.F is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.4x).
How is Keppel REIT forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KREV.F's forecast earnings growth (5.7% per year) is above the savings rate (2.2%).
Earnings vs Market: KREV.F's earnings (5.7% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: KREV.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: KREV.F's revenue (0.2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: KREV.F's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KREV.F's Return on Equity is forecast to be low in 3 years time (3.2%).
How has Keppel REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KREV.F has high quality earnings.
Growing Profit Margin: KREV.F's current net profit margins (41.7%) are lower than last year (52.8%).
Past Earnings Growth Analysis
Earnings Trend: KREV.F's earnings have declined by -26.2% per year over the past 5 years.
Accelerating Growth: KREV.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KREV.F had negative earnings growth (-20.9%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: KREV.F's Return on Equity (2.6%) is considered low.
How is Keppel REIT's financial position?
Financial Position Analysis
Short Term Liabilities: KREV.F's short term assets (SGD138.6M) do not cover its short term liabilities (SGD149.6M).
Long Term Liabilities: KREV.F's short term assets (SGD138.6M) do not cover its long term liabilities (SGD2.2B).
Debt to Equity History and Analysis
Debt Level: KREV.F's debt to equity ratio (42.4%) is considered high.
Reducing Debt: KREV.F's debt to equity ratio has reduced from 59.8% to 42.4% over the past 5 years.
Debt Coverage: KREV.F's debt is not well covered by operating cash flow (4%).
Interest Coverage: KREV.F's interest payments on its debt are well covered by EBIT (4.8x coverage).
What is Keppel REIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KREV.F's dividend (5.37%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: KREV.F's dividend (5.37%) is in the top 25% of dividend payers in the US market (4.54%)
Stability and Growth of Payments
Stable Dividend: KREV.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: KREV.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (224.1%), KREV.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KREV.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.04% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Tham (37yo)
Mr. Tham Wei Hsing, also known as Paul, has been Chief Executive Officer of Keppel REIT Management Limited at Keppel Corp. Ltd. since January 1, 2019. He is Chief Executive Officer of Keppel REIT Managemen ...
|Chief Executive Officer of Keppel REIT Management Limited||1.33yrs||no data||0.0048% SGD121.1k|
|Chief Financial Officer of Keppel REIT Management Limited||2yrs||no data||no data|
|Head of Investment of Keppel REIT Management Limited||1.92yrs||no data||no data|
|Head Investor Relations||3.33yrs||no data||no data|
|Assistant Vice President||no data||no data||no data|
|Joint Company Secretary of Keppel REIT Management Limited||no data||no data||no data|
|Joint Company Secretary of Keppel REIT Management Limited||no data||no data||no data|
|Financial Controller of Keppel REIT Management Limited||0.17yr||no data||no data|
|Head of Asset Management of Keppel REIT Management Limited||no data||no data||no data|
Experienced Management: KREV.F's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Independent Director of Keppel REIT Management Limited||8.08yrs||S$102.50k||0.000010% SGD253.8|
|Non-Executive Director of Keppel REIT Management Limited||3.17yrs||S$60.00k||0.050% SGD1.3m|
|Non-Independent Non-Executive Board Chairman of Keppel REIT Management Limited||3.08yrs||S$150.00k||0.0052% SGD131.2k|
|Independent Non-Executive Director of Keppel REIT Management Limited||0.42yr||S$4.44k||no data|
|Non-Executive Director of Keppel REIT Management Limited||3.67yrs||S$75.00k||0.00035% SGD8.9k|
|Independent Director of Keppel REIT Management Limited||8.08yrs||S$100.00k||0.0040% SGD102.0k|
|Independent Non-Executive Director of Keppel REIT Management Limited||2.58yrs||S$85.00k||0.00043% SGD10.9k|
Experienced Board: KREV.F's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KREV.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Keppel REIT's company bio, employee growth, exchange listings and data sources
- Name: Keppel REIT
- Ticker: KREV.F
- Exchange: OTCPK
- Founded: 2006
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: S$3.594b
- Listing Market Cap: S$2.538b
- Shares outstanding: 3.39b
- Website: https://www.keppelreit.com
- Keppel REIT
- 1 HarbourFront Avenue
- #18-01 Keppel Bay Tower
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|K71U||SGX (Singapore Exchange)||Yes||Units||SG||SGD||Apr 2006|
|KREV.F||OTCPK (Pink Sheets LLC)||Yes||Units||US||USD||Apr 2006|
Keppel REIT was listed by way of an introduction on 28 April 2006. It is one of Asia’s leading REITs with a portfolio of premium Grade A commercial assets in prime business and financial districts pan-Asia. Keppel REIT’s objective is to generate stable income and long-term growth for Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Singapore and pan-Asia. The REIT has assets under management of approximately $8 billion in Singapore, key Australian cities of Sydney, Melbourne, Brisbane and Perth, as well as Seoul, South Korea. Keppel REIT is sponsored by Keppel Land Limited, one of Asia's leading property companies. It is managed by Keppel REIT Management Limited, a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd. (Keppel Capital). Keppel Capital is a premier asset manager in Asia with a diversified portfolio in real estate, infrastructure and data centre properties in key global markets.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 03:24|
|End of Day Share Price||2020/05/20 00:00|