Keppel REIT Likely Little Affected by Rising Utility Costs -- Market Talk

Dow Jones12:48

0448 GMT - Rising utility costs are likely to have a limited impact on Keppel REIT due to its energy hedging, RHB Research's Vijay Natarajan says in a report. The analyst notes management's comments that the REIT's utility costs are mostly hedged and that operating costs are expected to be minimally affected. The REIT also noted that none of its tenants have been directly affected by the Middle East conflict. Additionally, it sees upside potential in Singapore office demand from family offices and the wealth management segment. RHB Research increases its 2026 and 2027 distribution-per-unit forecasts for the REIT by 1% and 2%, respectively. It raises its target price to S$0.99 from S$0.98, with the neutral rating unchanged. Units are 2.2% lower at S$0.89. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 00:48 ET (04:48 GMT)

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