0108 GMT - Keppel REIT could benefit from adding a retail presence to its portfolio, OCBC Investment Research's Research team says. The REIT recently proposed acquisition of a 75% interest in Top Ryde City Shopping Centre in Australia, the team notes. The completion of acquisition in 1Q 2026 would mark the REIT's maiden retail asset acquisition, the team says in a research report. OCBC sees increased scope for the REIT to drive its longer-term growth with more retail assets that typically have higher capitalization rates as compared with office assets. OCBC raises the unit's fair value estimate to S$1.00 from S$0.95 with an unchanged hold rating. Units are unchanged at S$1.05. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 02, 2025 20:08 ET (01:08 GMT)
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