Keppel REIT announced their 2015 full year results. The interest here is that with the correction in price, it pays to view the data provided by the companies to assess the state of the industry.
For office in particular, with the supply coming online soon, most analyst do not favor the outlook for office rentals. And from the list of REITs that I find interesting recently, office REITs is an omission.
Nevertheless, it is always important to say you are wrong if the data says otherwise.
The overall narrative that I get from the slides and the report is that the management is assuring the rentals are secured on a long term basis and they are actively working to retained current customers.
After reading years of presentation slides, you sometimes have a strange feeling when the communication message feels very different and in this instance what stood out was ......