Keppel REIT (formerly: K-Reit Asia)
16-03-2015, 02:54 PM
https://s3-ap-southeast-1.amazonaws.com/...GEUS.1.pdf
Topping out of the office floor space is good news to us Shareholders! Sent from my iPhone using Tapatalk
Using Tapatalk
http://infopub.sgx.com/FileOpen/Keppel%2...eID=343622
Quote:Keppel REIT’s 1Q 2015 distribution income up approximately 18% q-o-q (Not vested)
13-04-2015, 11:31 PM
- Distribution per Unit (“DPU”) grew 13% quarter-on-quarter (“q-o-q”) to 1.70 cents due to a full-quarter contribution from MBFC Tower 3 and stronger performance from Bugis Junction Towers
Even full contribution from MBFC also cannot improve the DPU ? The acquisition supposed to be yield accretive . The past DPU used to be 1.97 which sustained for many Qs.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Drop should actually be larger - this Q they took their 12mio of management fees wholly in units (usually they take ard 7mio in units and balance in cash). All else being same DPU should be ard 1.54c only.
15-04-2015, 12:51 PM
(14-04-2015, 08:32 PM)AQ. Wrote: Drop should actually be larger - this Q they took their 12mio of management fees wholly in units (usually they take ard 7mio in units and balance in cash). All else being same DPU should be ard 1.54c only. The DPU in next Q will even be lower due to more units issued . The acquisition of MBFC phase 3 was clearly a one sided deal . KL and KC were the winners at the expense of unitholders of KR. No longer vested as sold all today.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
18-07-2015, 10:34 AM
Looks like a perfect storm coming for K-REIT
1) Supply of prime office space//lowered economic growth//contraction of banks' operations//lower cost sites e.g. biz parks putting pressure on prime rents. 2) Higher rate expectations with a close to 45% gearing ratio esp with the new MAS gearing cap rule. 3) Lower aud with Glenn Stevens still jawboning it lower - especially when almost all its debts are funded in SGD but >10% ptf valuation is in AUD creating FX mismatch. Bit of a train wreck.
18-07-2015, 02:18 PM
Should be discounted by now. One small private placement or right issue should solve the '' over gearing " problem.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
15-09-2015, 07:43 PM
ANNOUNCEMENT
CORPORATE CREDIT RATING UPDATE Keppel REIT Management Limited, in its capacity as manager of Keppel REIT (the “Manager”), wishes to announce that it has requested Standard & Poor’s Ratings Services (“S&P”) to withdraw the S&P’s corporate credit rating on Keppel REIT. In connection with the withdrawal of the corporate credit rating, S&P has reaffirmed the final “BBB” long-term corporate credit rating and “axA” long-term ASEAN regional scale ratings on Keppel REIT, with a stable outlook.Following this withdrawal, Keppel REIT continues to be rated by Moody’s Investors Service, and is rated “Baa2” with a stable outlook. https://s3-ap-southeast-1.amazonaws.com/...K2M9.1.pdf Sent from my iPhone using Tapatalk
Using Tapatalk
20-10-2015, 02:51 PM
(15-04-2015, 12:51 PM)cfa Wrote:(14-04-2015, 08:32 PM)AQ. Wrote: Drop should actually be larger - this Q they took their 12mio of management fees wholly in units (usually they take ard 7mio in units and balance in cash). All else being same DPU should be ard 1.54c only. Distribution per unit (“DPU”) of 1.70 cents for the third quarter 2015 (“3Q 2015”), only 0.02 cents lower, let us see if they are able to maintain at 1.7 for the coming quarters.
Disclaimer :-
I am not an investment professional. I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong. Nothing written here is an invitation to buy or sell any particular stock. At most, I am handing out an educated guess as to what the markets may do. The market will always find a new way to make a fool out of me (and maybe, even you!). Even the best strategies of the past fail, sometimes spectacularly, when you least expect it. I am not immune to that, so please understand that any past success of mine will probably be followed by failures
26-10-2015, 02:14 PM
K reit yield close to 7% why take risks on a fixed income with no upside in the light of interest rate direction
Kindly be informed the following new SGD Perpetual Bond issue – Keppel REIT (Subordinated debt). Details as follows : - Initial Yield guidance at cost Low 5% area Expected Issue Size TBD Denomination SGD 250k x 250k Timing Books Open Comments To follow Risk Rating 5 LV TBA ISSUER: RBC Investor Services Trust Singapore Limited (in its capacity as trustee of Keppel REIT) STATUS: Direct, unconditional, unsecured and subordinated Securities ISSUER RATING: Baa2 (Moody’s) ISSUE RATING: Unrated ISSUE SIZE: To be determined FORMAT / DOCS: Registered / Issuer’s SGD1 billion Multicurrency Debt Issuance Programme (“Programme”) TENOR: Perpetual NC 5 INITIAL PRICE GUIDANCE: Low 5% SETTLEMENT DATE: [●] November 2015 DISTRIBUTION PAYMENT: Semi-annually in arrear on [●] May and [●] November of each year (First Pay: [●] May 2016); actual/365 (fixed) CALL OPTION: [●] November 2020 & on every distribution payment date thereafter at par DISTRIBUTION: Reset at the end of Year 5 & every 5 years thereafter based on prevailing SGD 5Y SOR plus the Initial Spread DISTRIBUTION STEP-UP: Issuer's discretion. Any deferred Distributions are non-cumulative DIVIDEND STOPPER: Yes OTHER REDEMPTION: At par under taxation events, accounting reasons, regulatory event and ratings event DENOMINATION: SGD250K GOVERNING LAW: Singapore Law LISTING: SGX-ST CLEARING: CDP SELLING RESTRICTIONS: As per Information Memorandum dated 20 October 2015, including the Singapore selling restrictions under Sections 274/275 of the Securities and Futures Act, Chapter 289, Reg S only JOINT LEAD MANAGERS AND BOOKRUNNERS: DBS Bank, OCBC Bank (B&D) TIMING: Today’s business Comps: ARTSP4.68 Perp: 4.74% AREIT4.75 Perp: 4.73% KREIT3.15 02/22: 3.24% |
|
« Next Oldest | Next Newest »
|
Homepage
PR Newswire
