Keppel REIT (KREVF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Keppel REIT $0.54, price $0.65, upside -16.9%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Keppel REIT
KREVF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.2987 – $0.8371 · fair‑value band $0.2700 – $0.8000 · the $0.6500 price screens above the $0.5400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts.
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Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts. Keppel REIT's objective is to generate stable income and sustainable long-term total return for its Unitholders by owning and investing in a portfolio of quality income-producing commercial real estate and real estate-related assets in Asia Pacific. Keppel REIT has a portfolio value of over 11 billion dollars, comprising properties in Singapore; the key Australian cities of Sydney, Melbourne and Perth; Seoul, South Korea; as well as Tokyo, Japan. Keppel REIT is managed by Keppel REIT Management Limited and sponsored by Keppel, a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Keppel REIT was established on November 28, 2005 and incorporated in Singapore.
Stock analysis
Keppel REIT (KREVF) currently trades at $0.6500, while our model-based Fair Value estimate is $0.5400, 16.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $0.7400 per share, and 4 of the 14 models we run sit above the $0.6500 price.
Bear case: the Multiples group reads lowest at $0.1400, and 10 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.2700 (bear) to $0.8000 (bull), the price of $0.6500 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Keppel REIT reported revenue of 281M SGD in FY2025 versus 335M SGD in FY2021, a compound −4.3%/yr. Reported net income was 454M SGD in FY2025, compounding +17.2%/yr from FY2021.
Key figures
Market cap $3.1B · P/E ratio 7.2 · P/S ratio 11.7 · EPS (TTM) $0.0900 · Dividend yield 8.0% · Net margin 114% · Return on equity 8.7% · Return on assets (EBIT) 2.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at −17%, KREVF screens richer than that median.
Fair Value models
All 15 models by family
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Set up alert →Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 54
Revenue & earnings trend
Growth Forecast
KREVF screens overvalued: fair value 17% below the price. Compare with BXP, Inc →
Compare Keppel REIT with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 69 stocks
Valuation Multiplesvs REIT - Office median · lower = cheaper
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Real Estate
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Office stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BXP, Inc BXP | $63.40 | $38.36 | −39% |
| Vornado Realty Trust VNORP | $50.11 | $49.54 | −1% |
| Alexandria Real Estate Equities, Inc ARE | $49.93 | $98.03 | +96% |
| MERLIN Properties SOCIMI, S.A MRL | €12.26 | €9.69 | −21% |
| Hudson Pacific Properties, Inc HPP | $11.65 | $2.97 | −75% |
| Gecina GFC | €63.75 | €75.43 | +18% |
| Mapletree Pan Asia Commercial Trust N2IU | 1.22 SGD | 1.26 SGD | +3% |
| Cousins Properties Incorporated CUZ | $28.65 | $8.26 | −71% |
| Keppel DC REIT AJBU | 2.12 SGD | 2.70 SGD | +27% |
| DEXUS DXS | A$5.43 | A$4.09 | −25% |
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Frequently asked questions
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Key figures of Keppel REIT
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