Someone in the financial independence chat asked whether I could make an analysis on Keppel Infrastructure Trust (KIT).

I think there is not much changes or novelty for me to do an analysis on the stock but I could share some of my thoughts about it.

Keppel Infrastructure Trust is structured as a Business Trust. It also gives a good dividend. Currently, it pays $0.0093 a quarter. This works out to be 7.5% dividend yield based on the traded price of $0.495.

Keppel infrastructure trust was formed through the merger of two utility-like companies Cityspring Trust and K-Green trust. Back then, both trust needed each other. K-green do not have debt but the portfolio is made up of utility concession that is rather short. Cityspring is leveraged, has a problem holding in Basslink.

A combination gives it to size, reduces the leverage and more bandwidth to rejuvenate