On 11 December, 2014 I recommended a BUY on Keppel REIT at SD1.215. Today, it is trading at SD1.22, representing an increase of SD0.005. Including the distribution of SD0.0026 paid on 27 February, 2015, the total increase is SD0.0076 or 0.6% for a period of 5 months.
KIT just announced its Q1 2015 results.
Revenue fell by 9.4%
Profit fell by 8.4%
Current Ratio fell below 1 while Gearing Ratio was excellent.
Total distribution paid for 2014: SD0.0723, representing a yield of 6.0% of initial buying price of SD1.215. Keppel REIT pays a distribution every quarter.
As Keppel REIT is still sorting through its financials after the acquisition of Marina Bay Financial Centre, I would recommend a HOLD.
Still, always do your own research as our risk tolerance may differ.
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