Jefferies keeps SGD 0.85 target for Keppel REIT stock

Published on 10/20/2026 at 21:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Keppel REIT reports 1H 2026 net property income of SGD 122.5 million. Keppel REIT stock costs EUR 0.55 on October 20, 2026.

Targets income and dates

Jefferies kept its SGD 0.85 target and Hold rating on October 20, 2026.
First-half 2026 net property income reached SGD 122.5 million.
Keppel REIT stock was EUR 0.55 at Lang & Schwarz on October 20, 2026 at 9:33 p.m. CEST.
The next business update is scheduled for October 28, 2026.

Keppel REIT, SG1T22929874, Illustration mit AI erstellt.

Jefferies kept its Hold rating and SGD 0.85 target for Keppel REIT on October 20, 2026, according to Business Times. The target is 7.59 percent above the SGX price of SGD 0.79 shown for October 20, 2026. Keppel REIT stock was trading at EUR 0.55 at Lang & Schwarz on October 20, 2026 at 9:33 p.m. CEST.

Income growth meets dilution

Keppel REIT's operating performance improved in the first half of 2026. Net property income rose 13.1 percent year over year to SGD 122.5 million, while distributable income from operations increased 25.2 percent to SGD 119.6 million, The Globe and Mail reported on the period. Distribution per unit still fell 4.0 percent year over year to SGD 0.0261 as the enlarged unit base diluted the benefit of stronger operations.

October 28 update has a date

Keppel REIT's next business update is scheduled for October 28, 2026, before the market opens, according to Keppel. The release identifies the event as the third-quarter and nine-month 2026 business update. That date gives investors the next scheduled point for checking occupancy, leasing and distribution trends.

Valuation and market position

The SGX quote stood at SGD 0.79 on October 20, 2026, against a 52-week range of SGD 0.79 to SGD 1.08. The same market figures show a price-to-earnings ratio of 6.93, a 7.00 percent dividend yield and market capitalization of SGD 3.9 billion. Keppel REIT is classified as a real estate investment trust focused on office properties.

What the target means for income

Jefferies' target leaves room above the SGX price, but its Hold stance does not signal an outright bullish call. The Business Times also reported that the analysts saw potential equity fundraising as a near-term overhang and questioned the underlying earnings yield of income support before stabilization.

The euro quote after hours

The Lang & Schwarz quote places the euro price at EUR 0.55 on October 20, 2026 at 9:33 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Keppel REIT stock.