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Keppel REIT (SG:K71U)
SGX:K71U
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -4.88%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant growth in property income and high occupancy rates being notable positives. However, these were offset by concerns over decreased distributable income, increased borrowing costs, and currency impacts affecting joint ventures. The sentiment reflects a cautious outlook with both achievements and challenges ahead.Company Guidance
During the Q2 2024 earnings call for Keppel REIT, several key metrics were highlighted. Property income rose by 9% year-on-year to $125 million, while net property income increased by 7.7% to $96.8 million. Despite these gains, the distribution per unit (DPU) decreased to $0.028 due to higher borrowing costs. The financial position remained strong with an aggregate leverage of 41.3% and an all-in interest rate of 3.31% per annum for the first half of 2024. Rental reversion was recorded at 9.3%, and portfolio committed occupancy improved to 97%. The portfolio's weighted average lease expiry (WALE) was stable at 4.6 years, and the top 10 tenants had a WALE of 8.3 years. Keppel REIT's portfolio valuation stood at SGD 9.6 billion, with Singapore accounting for 77% of this value. Additionally, borrowing costs increased by 29.8% year-on-year, reflecting the high-interest-rate environment. The call also mentioned efforts to maintain a high occupancy rate across properties and the potential for asset recycling to manage leverage levels.Increase in Property Income and Net Profit
Property income grew 9% year-on-year to $125 million, and net profit income grew 7.7% year-on-year to $96.8 million.
High Portfolio Occupancy
Portfolio committed occupancy increased to 97% from 96.4% in the previous quarter.
Successful Leasing Activities
546,000 square feet of space committed with a portfolio rental reversion of 9.3%.
Increased Portfolio Valuation
Overall portfolio valuation increased by 3.3% in Singapore dollar terms.
Sustainability Initiatives
Various activities were organized to promote sustainability, including a significant upcycling initiative.
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SG:K71U 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
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SG:K71U Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | S$0.84 | S$0.83 | -1.19% |
| Oct 16, 2024 | S$0.91 | S$0.90 | -0.55% |
| Jul 29, 2024 | S$0.82 | S$0.83 | +0.49% |
| Apr 22, 2024 | S$0.80 | S$0.80 | +1.13% |
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.
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FAQ
When does Keppel REIT (SG:K71U) report earnings?
Keppel REIT (SG:K71U) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Keppel REIT (SG:K71U) earnings time?
Keppel REIT (SG:K71U) earnings time is at Apr 16, 2025, TBA Not 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 the P/E ratio of Keppel REIT stock?
The P/E ratio of Keppel REIT is N/A.
What is SG:K71U EPS forecast?
Currently, no data Available
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