Persistently elevated gearing puts Keppel REIT under threat

Its gearing stands at 42.4%.

Keppel REIT is under threat from its persistently elevated gearing level of 42.4%, a report by Barclasys revealed.

Barclays noted that KREIT's gearing level will leave little wiggle room should SREITs be subject to a single-tier leverage limit of 45% , as stated in the Monetary Authority of Singapore (MAS)'s consultation paper in October 2014.

KREIT's prospects are also clouded by lower-than-expected underlying rents at Ocean Financial Centre (OFC) and the fast exhaustion of rental support.

"With rental support from OFC dropping off and underlying rents yet to catch up, we are also concerned about its high gearing," stated the report.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia