Shares & Derivatives
What’s Behind Keppel REIT’s Great Q1 2021 Results
By Investment Moats  •  April 26, 2021
Singapore office REIT Keppel REIT’s recent results was pretty good. My friend asked me to look into whether something was amiss. Here is an update of their Q1 2021 performance from their business updates: Almost everything looks much better. Usually, when REIT have such a good performance, it is likely that they have purchase a new building, or a portfolio of buildings betweent the reporting period. In Q1, Keppel’s Pinnacle Office Tower acquisition start adding contribution to the topline and bottomline. Between this period, their Victoria Police Centre also started contributing. These would have added to the outperformance. I decided to tabulate some of Keppel REIT’s financial performances the past quarters: Q1 2020 was probably one of the weakest performances in recent memory. It would not be hard to do better than quarter. Compared to the last quarter, Keppel REIT’s Q1 2021 results do not look as spectacular....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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