At the time of writing, Keppel REIT‘s (SGX: K71U) share price (technically known as unit price for REITs) stands at S$1.22.
Is Keppel REIT an attractive buy at its current unit price and valuation?
Let’s explore using my 10-step guide to pick the best Singapore REITs.
As a summary, here are the 10 steps I use to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business BackgroundBefore we dive into analysing Keppel REIT, let’s find out what its business is about.
Keppel REIT invests in commercial properties in Singapore, Australia, and South Korea.
In Singapore, it owns Ocean Financial Centre (79.9%
...