0645 GMT - Keppel Real Estate Investment Trust's units continue to appear undervalued to Morningstar's Xavier Lee, who maintains a fair-value estimate of S$1.10 on the commercial-focused REIT. He notes the REIT currently trades at a 2026 distribution yield of around 5.8%. Singapore's demand and supply dynamics for real-estate spaces remain firmly favorable for landlords, and the REIT is the analyst's preferred vehicle to capture this structural tailwind. The REIT manager also expects to be able to quickly backfill tenants' preterminated leases in Japan and South Korea, partly thanks to low market vacancies, Lee notes. Keppel REIT's units fall 1.1% to S$0.90. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 22, 2026 02:45 ET (06:45 GMT)
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