【Kep REIT K71U 交流专区】吉宝房地产信托 KEPPEL REIT

icy97

K-REIT Asia acquires stake in Australia-based Trust for A$211m
http://www.theedgesingapore.com/the-daily-edge/business/40165-k-reit-asia-acquires-stake-in-australia-based-trust-for-a211m.html

Wed, 26 Sep 22:35
The manager of K-REIT Asia said it is buying a 50% stake in Mirvac (Old Treasury) Trust (MOTT) for A$165 million ($211.2 million) to jointly develop a new office tower in the central business district of Perth, Western Australia.

Currently under construction, the office tower, sited on the Old Treasury Building development, will be a 35-storey premium Grade A building and is strategically located in the heart of Perth's CBD. The new office tower is targeted for completion in the second half of 2015, and will have 331,500 square feet of net lettable area (NLA) and 203 car park lots.

When completed, the office tower will be approximately 98% leased to the Government of Western Australia, which has committed to a lease for a period of 25 years with options for another 25 years.

K-REIT Asia Management said its wholly owned sub-trust -- Keppel REIT (Australia) Sub-Trust 3 -- signed a sale and subscription agreement with Mirvac Projects.

Under the deal, K-REIT Sub-Trust will acquire 50% of the existing units in MOTT, 50% of the convertible notes and units to be issued by MOTT at completion of the sale agreement, and 50% of the ordinary shares in the capital of Mirvac (Old Treasury), the trustee of MOTT.

icy97

K-REIT Asia up 2.9% at $1.225; 3Q12 distribution below view: Daiwa
http://www.theedgesingapore.com/the-daily-edge/business/40586-k-reit-up-29-at-1225-3q12-distribution-below-view-daiwa.html

Tue, 16 Oct 10:06  
K-REIT Asia, which is changing its name to Keppel REIT, is up 2.9% at $1.225 after reporting 9M12 DPU rose 89.5% on year to 5.80 cents, after taking its December rights issue. Daiwa says 3Q12 results were 3.6% below its forecast at the distribution level on slightly above-expectation management fees, trust expenses and a net-tax adjustment charge. But gross revenue and net property income topped its expectation by 1.6% and 2.4% respectively, it says.

Ocean Financial Centre beat its NPI forecasts by 8% as committed occupancy rose to 95% from 2Q12’s 92%, it notes. The Singapore portfolio occupancy improved to 98% from 2Q12’s 97%, while overall occupancy, including Australian properties, improved to 98.2% from 97%, it notes. Daiwa lowers its 2012 DPU forecast by 1.9% after fine-tuning its assumptions, but it raises its 2013-14 DPU forecasts by 1.5%-2.6% on the acquisition of a 50% interest in a Perth, Australia, office-tower development, leading it to raise its target to $1.26 from $1.25.

It keeps an Outperform call on its relatively attractive 6.7%-7.2% 2012-14E DPU yields vs the S-REIT sector’s average 5.9%-6.5%.

UOB upgrades Keppel REIT to 'buy'
http://www.theedgesingapore.com/the-daily-edge/business/40593-uob-upgrades-keppel-reit-to-buy-.html

Tue, 16 Oct 11:50
UOB Kay Hian upgraded Keppel REIT, previously known as K-REIT Asia, to ‘buy’ and raised its target price to $1.36 from $1.26, on expectations of improving office rentals.

Units of Keppel REIT, which owns office buildings, were up 2.5% at $1.22. They have jumped 47.3% since the start of the year, compared with the FTSE ST Real Estate Industrial Trust's 34% gain.

Keppel REIT said its third-quarter distribution per unit was 1.96 cents, in line with UOB's expectations and up 84.5% from a year earlier, helped by higher rents and property income.

“We anticipate office rentals to bottom out in the next 2-3 quarters, with K-REIT expected to remain resilient due to its near-full occupancies, long weighted leases and its highest exposure to Grade-A office assets in Singapore,” UOB said in a report.

The rate of decline for office rentals in Singapore is slowing, and UOB expects Keppel REIT to start seeing positive rental reversions, while acquisitions in Australia will also contribute to further growth.

K信托亚洲易名，每单位派息增85%
http://www.sharesinv.com/zh/articles/34879/

2012年10月16日
办公楼产业信托K信托亚洲(K-REIT Asia)在昨天公布3Q12业绩时也宣布改名为Keppel REIT(吉宝房地产投资信托)。公司的可分配收入年比激增93.6%至5,170万元，其管理公司Keppel REIT Management表示，截至今年9月30日的季度可分配收入激增是由于增持海洋金融中心(Ocean Financial Centre)的股权令净产业收入提高。公司进一步收购了海洋金融中心的业主海洋产业(Ocean Properties)的12.4%，从而把总持股量增至99.9%。公司的良好表现也由于位于新加坡的保诚大厦(Prudential Tower)及位于悉尼的京士街77号(77 King Street)的租用率提高。3Q12的0.0196元每单位派息比去年高出84.9%。

启示：公司有信心能维持表现，因为其大部份资产几乎完全预租出去，租约也属于长期租约。公司组合内约45%的可出租面积的租期为5年或以上，而10大租户及整个组合的长期加权平均租期分别为7.2和6.1年。

icy97

吉宝房地产信托私下配股集资5,320万元
http://www.sharesinv.com/zh/articles/37405/

2013年02月22日
吉宝房地产信托(Keppel REIT)建议以每新单位1.33元，向机构及其他投资者私下配售4,000万个新单位，以集资5,320万元。配股价比公司截至2012年12月31日的1.30元经调整净资产值高出2.3%。在扣除包销及售股佣金及其他预计费用和开支后，公司将筹得5,320万元。这笔资金将用于偿还贷款及充当一般企业和营运资本。配股活动将把单位数目提高，以期能改善成交量及公司的总杠杆。

启示：不容忽视的是，公司截至2012年12月31日的预估杠杆将从42.9%下降至约42.1%。

icy97

Keppel REIT posts 20.7% rise in NPI to $34.4mil
http://www.theedgesingapore.com/the-daily-edge/business/43450-keppel-reit-posts-207-rise-in-npi-to-344mil.html

Mon, 15 Apr 19:48   
Keppel REIT Management, the manager of Keppel REIT, said Keppel REIT registered a 20.7% y‐o‐y increase in Net Property Income to $34.4 million in 1Q 2013.

Higher occupancies and improved performance from Ocean Financial Centre (OFC) in Singaopore and 77 King Street in Sydney were the main contributors to the rise of 13.2% y‐o‐y in property income.

In addition to the higher occupancy of OFC, which increased from 90.6% in 1Q 2012 to 96.6% in 1Q 2013, the increased contribution from OFC was also attributed to Keppel REIT’s acquisition of an additional 12.4% interest in the asset in June 2012. The acquisition increased Keppel REIT’s interest in OFC to 99.9%, enabling unitholders’ to enjoy 99.9% of tax transparent income from the asset.

During the quarter, share of results of associates posted a 26.4% y‐o‐y increment to $14.2 million. The improved result was due mainly to higher contribution from MBFC Phase 1. This was due to an increase in occupancy from 98.7% in 1Q 2012 to 100% in 1Q 2013 as well as MBFC Phase 1 being successfully converted to a Limited Liability Partnership (LLP) structure in June 2012. The conversion to a LLP structure enabled income contribution from MBFC Phase 1 to be passed on to Unitholders on a tax transparent basis.

Distributable income for 1Q 2013 increased 7.6% y‐o‐y to $52.2 million. DPU for 1Q 2013 stood at 1.97 cents, 3.7% higher y‐o‐y, while annualised DPU of 7.99 cents was 4.6% higher as compared to a year ago.

On the capital management front, the Manager completed all refinancing that was due in 2013. The $155 million debt has been termed out to 2018, extending the debt weighted average term to expiry from 3.1 years to 3.2 years. Keppel REIT also managed to maintain a low all‐in interest rate of 2.17% and an interest coverage ratio of 4.8 times.

icy97

Goldman Sachs to buy Keppel REIT stake for $279.9m
http://www.theedgesingapore.com/the-daily-edge/business/43974-goldman-sachs-to-buy-keppel-reit-stake-for-2799m.html

Tue, 21 May 09:57
Kep REIT Goldman Sachs Group Inc. agreed to buy a 6.7% stake in Keppel REIT from a subsidiary of Keppel Corp., the world’s largest oil-rig maker, for $279.9 Million.

Goldman Sachs will purchase 180 million units of the real estate investment trust for $1.555 per unit, according to a statement to the Singapore stock exchange today. The price represents a 3.5% discount to Keppel REIT’s closing price yesterday.

Goldman Sachs is betting on Singapore’s office market where rents are expected to start rising next year. Prime office rents may climb 13% per annum in the two years to 2016, according to a May 3 report by Standard Chartered Plc. Keppel REIT is the largest landlord of office assets in the island city, the bank said.

Keppel REIT owns the highest-quality office portfolio among office SREITs, Standard Chartered’s analysts Kai Yip and Regina Lim wrote in the note. Prime office buildings such as Ocean Financial Centre, One Raffles Quay and Marina Bay Financial Centre Towers 1 and 2, make up 80% of its portfolio’s 2.37 million square feet (220,180 square meters) of net leasable area, according to the note.

With the sale, Keppel Corp. will cut its stake in the REIT to 51.5%, according to the statement. The sale will be completed by May 27, the company said.

Keppel REIT shares dropped as much as 3.4% toS$1.550, and traded at $1.555 at 9:02 a.m. local time, heading for its biggest drop since July 20. The trust has gained 20% this year compared with the 13% advance in the FTSE Strait Times Real Estate Investment Trust Index.

icy97

吉宝企业脱售吉宝房地产信托的6.7%股权
http://www.sharesinv.com/zh/articles/39148/

2013年05月22日
吉宝企业(Keppel Corp)同高盛(Goldman Sachs)签署了协议，以2亿7,990万元(每股1.555元)脱售其在吉宝房地产信托(Keppel REIT)的6.7%股权，即相等于1亿8,000万股。脱售价比吉宝的1.605元市价低了3.1%。吉宝企业在吉宝房地产信托的股权将继而减至51.5%。在新加坡办公楼地产投资信托当中，吉宝房地产信托拥有最优越的办公楼组合，因而吸引了不少大户投资者。

启示：能吸引到像高盛这样的大型投资者对吉宝房地产信托的价值给予了肯定，并显示高盛看好相关行业的前景。然而，交易价比市价低可能意味着追求高获益率的投资者高估了吉宝房地产信托。

icy97

吉宝房地产信托收购墨尔本永久地契建筑的50%股权
http://www.sharesinv.com/zh/articles/39950/

2013年06月27日
吉宝房地产信托管理(Keppel REIT Management)通过其澳洲分支信托人CFS Managed Property Limited以1亿6,020万澳元(约1亿9,240万元)收购了澳洲墨尔本Exhibition Street 8号产业的50%股权。该产业是一座楼高35层的永久地契商厦，位于墨尔本中央商业区内的黄金地段。其可出租净面积约为48万零309平方英尺，地面层的零售空间面积为3,304平方英尺。这个产业料将马上为吉宝房地产信托的每单位派息作出贡献。该产业目前被完全租用，其租户包括从事金融、航空、财经咨询、税务和交易服务的企业。该产业与吉宝房地产信托在新加坡和泛亚大城市内的商产组合并驾齐驱，因而符合信托的策略模式。此外，该产业获得澳洲建筑评级系统NABERS给予4.5颗星的能源评级，这与信托致力于环保的理念相符。

启示：该产业的租约加权平均租期约为五年，其租约也设定了每年上调租金的条款，从而带来稳定收入，并能给予吉宝房地产信托的股东稳定的投资。

icy97

Keppel REIT posts 1.5% higher DPU for Q2
http://www.theedgesingapore.com/the-daily-edge/business/44672-keppel-reit-posts-15-higher-dpu-for-q2.html

Mon, 15 Jul 21:21  
Keppel REIT has posted a distribution per unit of 1.97 cents for the three months ended June. This is 1.5% higher than the 1.94 cents posted a year ago.

The increase in DPU came on the back of a 6.1% increase in distributable income from $49.8 million to $52.8 million for the second quarter.

For the six months ended June, Keppel REIT's distributable income rose 6.8% to $105.1 million from a year ago, translating into a distribution per unit of 3.94 cents.

icy97

Name of Announcer *	KEPPEL REIT
Company Registration No.	N.A.
Announcement submitted on behalf of	KEPPEL REIT
Announcement is submitted with respect to *	KEPPEL REIT
Announcement is submitted by *	Choo Chin Teck/Kelvin Chua
Designation *	Joint Company Secretaries, Keppel REIT Management Limited (as manager of Keppel REIT)
Date & Time of Broadcast	05-Aug-2013 17:10:50
Announcement No.	00050

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

RECEIPT OF IN-PRINCIPLE APPROVAL FOR PLACEMENT OF 95,000,000 NEW UNITS IN KEPPEL REIT

Description

Attachments

KR_AIP.Announcement.pdf

icy97

Name of Announcer *	KEPPEL REIT
Company Registration No.	N.A.
Announcement submitted on behalf of	KEPPEL REIT
Announcement is submitted with respect to *	KEPPEL REIT
Announcement is submitted by *	Choo Chin Teck/Kelvin Chua
Designation *	Joint Company Secretaries, Keppel REIT Management Limited (as manager of Keppel REIT)
Date & Time of Broadcast	21-Aug-2013 17:19:27
Announcement No.	00042

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

TERMINATION OF S$3,000,000,000 MULTICURRENCY SECURED MEDIUM TERM NOTE PROGRAMME ESTABLISHED BY BLOSSOM ASSETS LTD.

Description

Attachments

Keppel.REIT_Termination.of.Blossom.Assets.pdf

icy97

吉宝房地产信托的9M13可分配收入增加6.1%
http://www.sharesinv.com/zh/articles/42063/

2013年10月16日
吉宝房地产信托(Keppel REIT)的净产业收入跃升9.9%至1亿零90万元，税前总回报提高14.6%至1亿1,590万元。业绩上升主要是由于海洋金融中心(Ocean Financial Centre)的表现提高及位于澳洲墨尔本中央商业区的一个永久地契甲级办公楼(Exhibition街8号)带来额外贡献。联号所分享的业绩也提高33.2%至4,640万元，由于滨海湾金融中心(Marina Bay Financial Centre)第1期及莱佛士码头一号(One Raffles Quay)的表现提高。这两个产业的租用率上升，租金也得以上调。加上滨海湾金融中心第1期在去年转换为有限责任合作形式，以在透明的税务制度下把收入派发给股东。9M13的可派发收入提高6.1%至1亿5,910万元，每单位派息提高1.9%至5.91分。

启示：吉宝房地产信托的管理公司对其业绩依旧具有信心，并指出，在提早作出再融资后，其贷款的加权平均还款期从3.6年延长至3.8年。而总体产业租用率的加权平均租期进步至6.4年。

icy97

Temasek sells stake in K-REIT for $125 mil
Publish date: Wed, 23 Oct 09:32
http://www.theedgesingapore.com/the-daily-edge/business/45947-temasek-sells-stake-in-k-reit-for-125-mil.html

Singapore state investor Temasek Holdings has sold its entire direct stake in property firm Keppel Reit (K-REIT) for around $125 million, the Business Times reported.

Temasek’s share sale works out to be a stake of 3.74% in the property firm which it had received as part of a dividend distribution from Keppel Corp, the paper said citing sources.

icy97

Keppel REIT says Ocean Financial Centre fully committed
Source: The Edge   |   Publish date: Fri, 13 Dec 01:39  
http://www.theedgesingapore.com/the-daily-edge/business/46654-keppel-reit-says-ocean-financial-centre-fullt-committed.html

Keppel REIT says both the office and newly completed retail space at Ocean Financial Centre are fully committed. With this, all of Keppel REIT’s five Singapore properties are now 100% occupied, up from its Singapore portfolio average occupancy of 99.5% as at end-September 2013. This is also higher than the average Singapore CBD occupancy of 93.5% for the third quarter of 2013.

icy97

Keppel REIT said to seek sale of Singapore Prudential Tower
Source: Bloomberg   |   Publish date: Tue, 28 Jan 17:25
http://www.theedgesingapore.com/the-daily-edge/business/47094-keppel-reit-said-to-seek-sale-of-singapore-prudential-tower-update.html?start=1

Keppel REIT, the second-biggest office property trust in Asia excluding Japan, is seeking buyers for its 30-story Prudential Tower in Singapore’s financial district, according to two people familiar with the matter.

Keppel REIT owns a 92.8% stake in the tower, which was valued at $490 million  as of Dec. 31 by independent valuers, according to the company’s filing on Jan. 20. The property is fully occupied, the report showed.

“Keppel REIT does from time to time receive interest to acquire our properties,” the trust said in an e-mailed response to Bloomberg News queries yesterday. “We will consider all potential divestments and acquisitions, and will make an announcement if and when any such deals materialize.”

The Singapore real estate investment trust is seeking to sell the building after the city’s office rents increased about 1.3% last year following a 1.3% decline in 2012, according to government data. Leasing rates in the central business district bottomed last year and are set to increase in 2014 and 2015, property brokerage Cushman & Wakefield Inc. said in a report last month.

Keppel REIT’s shares fell 0.9% to $1.135 at the close of trading in Singapore, while the benchmark Straits Times Index rose 0.7%.

The REIT is looking to sell older assets to help fund acquisitions, Chief Executive Officer Ng Hsueh Ling told reporters on Jan. 20. The REIT may approach Keppel Land, its biggest shareholder, to buy Keppel Land’s stake in the city’s Marina Bay Financial Centre Tower 3, she said.

NEW ACQUISITIONS
“Keppel REIT is looking to sell assets so it will have to raise significantly lower equity to fund new acquisitions,” said Vikrant Pandey, an analyst at UOB Kay Hian Pte in Singapore. “If they get a good price, then the asset sales, revaluation gains and debt will minimize the equity raising needed for funding a possible acquisition of a stake in Marina Bay Financial Centre Tower 3.”

The acquisition of the building in the Marina Bay area, the city’s new financial center, could be funded by debt, Singapore- based analysts Kai Yip and Regina Lim at Standard Chartered Plc said in a note to clients on Jan. 21.

“We believe KREIT could fund a potential $1.24 billion acquisition from its sponsor with 100% debt if it divests Prudential Tower for $490 million,” they said.

PRICE TAG
Keppel REIT is seeking $2,400 a square foot for Prudential Tower, one of the people said, declining to be identified as the information is private. The price would value the trust’s stake at $531 million, based on the 221,241 square feet of space it owns in the building, according to the filing on Jan. 20.

Tenants include Prudential Assurance Co. and UniCredit Bank AG, according to the trust’s website.

Singapore office rents may rise 10% over the next two years, property brokerage DTZ Holdings Plc said in a statement on Jan. 13. Capital values for offices rose by an average 3.6% in 2013, the broker said.

Keppel REIT has a market capitalization equivalent to US$2.5 billion ($3.2 billion), making it the biggest office REIT in the region after CapitaCommercial Trust, which said last week it expects rental growth to accelerate in the second half.

icy97

吉宝房地产信托的近期低位是进场好时机？未必…
Tradeable | 2014年04月23日
文 : 梁兆诚（译：麦美莹）
http://www.sharesinv.com/zh/articles/46375/

1. 吉宝房地产信托(Keppel REIT)(KREIT)最近遭受严重抛售，股价从2013年5月的1.63高位下跌至大约1.20元。对部分投资者来说，可能是进场的好时机。
2. KREIT的债务依然令人担忧，有部分需要在2015年及2016年再融资，而这刚好碰上美国利率可能会升高。
3. KREIT可能会从其保荐人买入滨海湾金融中心第三座大楼，这可能意味着它需要筹资。无论是借贷或通过发股融资，这项收购对KREIT来说都有利。

吉宝房地产信托( Keppel REIT，以下简称KREIT) 近几个月的股价有点令人担忧，它的价位从去年5月的1.63元52周高位下跌至1.20元(2014年4月21日)，这意味着KREIT在一年内蒙受26.4%的跌幅。

KREIT在上周 宣布了FY14第一季度的业绩，并引起分析师的注意。市场观察家希望从中知道股价的跌幅是否为这个信托添值

1Q14的净产业收入增加了14.7%至3,950万元(1Q13: 3,440万元)，令可派发收入提高至5,510万元，比去年增加了5.5%。

可是，KREIT的每单位派息(DPU)依然为每股0.0197元，由于它在去年曾多次配股，令股本扩大。

基于1.20元的收盘价，派息率为6.6%，比1Q13的5.9%来得高。 KREIT 在4月21日开始“除息”交易，并将会在5月28日派息。

资料来源: 1Q14财务表现，吉宝房地产信托

在资本管理方面，KREIT比上一个季度改善了一些。其债务的平均到期日从3.6年增加至3.9年，由于它把2015年及2016年到期的债务提早再融资。KREIT的债务成本偏低，因为整体利率为2.18%。

图：吉宝房地产的债务一览表

尽管如此，KREIT的债务依然令人担忧，因为公司至2016年需要再融资的债务相当高，而基于美国联储局的指引，利息预期在2015年将会上升。

因此，公司的获益率很可能受到压缩，因为其32%的借贷是基于浮动利率(换句话说，如果联储局一旦把基准利率升高，这些借贷的利率将会增加)。

与此同时， KREIT 将需要发行新债券来应付其债务，而这将会受到利息上升影响。另外，它将失去一个“安全网”，因为来自其保荐人(吉宝置业)的收入支持(最少达到5.2%获益率)将会在今年届满。

图：吉宝房地产的债务组合

KREIT的出租率保持在高位，其新加坡的产业全面出租，而其整体的出租率达到99.8%。新加坡产业在今年期满的租约预期可以把租金调高。

可是，来自澳洲产业的贡献可能偏低，因为澳元疲弱。

图：吉宝房地产信托的产业出租率

KREIT可能会重组其组合，把保诚大厦(Prudential Tower)出售，来从其保荐人手中买入滨海湾金融中心第三座大楼(MBFC Tower 3)而融资。市场观察家预期KREIT买入有关产业将会对其有利。

可是，我们担心KREIT将会配售新股来为这项大额收购提供更多融资额，并把目前的股权进一步稀释(正如去年一样)。

尽管公司目前的股价偏低，投资者必须慎重考虑，因为KREIT的前景无所适从。多家评级机构对KREIT均持同一意见，并一致给予其“持守”评级。

icy97

每日头条 | 2014年05月16日
http://www.sharesinv.com/zh/articles/46930/

吉宝房地产信托(Keppel REIT)将以5亿1,200万元脱售其在保诚大厦(Prudential Tower)的92.8%股权。脱售价比公司入股时所支付的3亿4,910万元高出46.7%。在完成脱售后，公司的总负债比将从截至2013年12月31日的比率下降3.3个百分点至38.8%。


Keppel REIT sells Prudential Tower for $512 mil
Source: The Edge   |   Publish date: Thu, 15 May 19:54
http://www.theedgesingapore.com/the-daily-edge/business/48358-keppel-reit-sells-prudential-tower-for-512-mil.html

Keppel REIT (K-REIT) is divesting its 92.8% interest in Prudential Tower for $512 million to a consortium of companies comprising KOP Limited, Lian Beng Group, KSH Holdings and Centurion Global. K-REIT adds that it has received an initial deposit of $25.6 million.

The sale price of Prudential Tower is 4.5% above its latest valuation of $490 million and a 46.7% premium over the REIT’s original purchase price of $349.1 million. Keppel REIT’s manager says the proceeds from the sale will be used to repay existing debt while the rest will be used for working capital or acquisitions.

Post-divestment, Keppel REIT’s aggregate leverage will decline to 38.8% from 42.1%. At an NLA of 221,090 sq ft, Prudential Tower is about 16 years-old and fully occupied.

Following the sale, Keppel REIT’s portfolio will comprise a 99% interest in Ocean Financial Centre, one-third interest in Marina Bay Financial Centre Phase One, one-third interest in One Raffles Quay, as well as Bugis Junction Towers. All four properties are 100% committed, says the manager. The divestment of Prudential Tower is expected to be completed on Sept 26.

八公妹

请问下有那位先生知道，我昨天买的keppel reit今天突然停牌，什么事吗？我还没拿票叻

八公妹

谢谢各位已经找到答案