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Keppel REIT (KREVF)
OTHER OTC:KREVF
Earnings Data
Report Date
Apr 22, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a broadly positive operational and strategic picture: strong NPI and property income growth, high portfolio occupancy, significant portfolio valuation recovery, meaningful rental reversion and successful strategic acquisitions that diversify income. Management also made progress on capital management (repaying equity bridge loans, stable interest coverage, targets to lower WACD) and delivered ESG milestones. Offsetting this were timing effects that compressed reported DI and short-period DPU (cash management fee payments and enlarged unit base), a temporarily elevated leverage ratio from acquisition financing, modest borrowing cost pressure from higher loan principal, some North Asia currency headwinds and delayed lease start dates for certain income contributors. Overall, the positive operating momentum, valuation gains and clear capital management actions outweigh the transitory financial and timing headwinds.Company Guidance
Strong NPI and Property Income Growth
Net property income (NPI) rose 6.9% year-on-year and property income increased 4.9% year-on-year for FY2025, driven by contributions from 255 George Street and higher occupancy at 2 Blue Street.
Robust Share of Associates and JVs
Share of results of associates and joint ventures increased 13.3% year-on-year, supported by strong demand for Singapore prime office space and lower borrowing costs.
High Portfolio Occupancy and Strong Rental Reversions
Committed portfolio occupancy improved to 96.7% and the portfolio achieved a full-year rental reversion of 11.5% (Singapore portfolio: 10.7%), with over 1.7 million sq ft of leases committed in 2025.
Portfolio Valuations Recovered Significantly
Overall portfolio valuation increased 22.3% year-on-year. Singapore portfolio valuation rose 25.2% (excluding additional MBFC T3 interest the increase would be 5.5%) and Australia valuations rose 19.3% in AUD (15.2% in SGD). Excluding recent acquisitions, portfolio valuations increased 3.4%.
Strategic Acquisitions and Portfolio Diversification
Completed two strategic acquisitions in December 2025: a 75% interest in Top Ryde City (first pure-play retail asset) and an additional 1/3 interest in MBFC Tower 3, broadening income mix and deepening core CBD presence; full contributions expected from 2026.
Debt and Capital Management Progress
Weighted average cost of debt for 2025 was 3.41% p.a.; equity bridge loans (~$890m) repaid on 20 Jan 2026 after the preferential offering. Management targets 2026 cost of debt between low 3% and 3.3% and increased sustainability-focused funding to 79% (post-offering).
Strong Lease Profile and Income Visibility
Portfolio WALE remained long at 4.4 years and WALE for top 10 tenants was 8.1 years, reinforcing income visibility. Several long-term leases were signed (e.g., 8 Exhibition Street leases >7 years).
ESG Achievements and Net-Zero Commitment
MBFC Tower 3 achieved BCA Green Mark Platinum Super Low Energy certification; all properties except recently acquired Top Ryde are Green certified. Company extended carbon commitment from 50% Scope 1/2 reduction by 2030 to net zero Scope 1/2 by 2050.
Maintained Interest Coverage and Improved Funding Mix
Interest coverage ratio remained stable at 2.6x and fixed-rate borrowings accounted for 53% of total debt (would have been 62% excluding the equity bridge loan), indicating progress on hedging and funding stability.
Adjusted NAV and DPU Disclosure
Adjusted net asset value per unit as at 31 Dec 2025 was $1.27. Full-year DPU for 2025 was $0.0523 with distributions timed across the year (H1: $0.0272; advanced distribution $0.0163; remainder $0.0088).
KREVF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KREVF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $0.77 | $0.77 | -0.13% |
Jul 29, 2025 | $0.70 | $0.73 | +4.56% |
Apr 16, 2025 | $0.58 | $0.59 | +1.20% |
Jan 27, 2025 | $0.59 | $0.59 | -0.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Keppel REIT (KREVF) report earnings?
Keppel REIT (KREVF) is schdueled to report earning on Apr 22, 2026, TBA (Confirmed).
What is Keppel REIT (KREVF) earnings time?
Keppel REIT (KREVF) earnings time is at Apr 22, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KREVF EPS forecast?
Currently, no data Available