Keppel REIT (formerly: K-Reit Asia)

[Dosser]

Recently, Keppel REIT fell to about the level of its low during the 2020 early COVID crash. It has since recovered slightly as the market reconsiders the path of interest rates. It yields nearly 7%. There are headwinds, including refinancing at higher than previous rates and the prospect of a major recession. However those two aspects should cancel each other out, as a recession will help moderate interest rates. Is this just a knee-jerk reaction to offices being out of fashion due to work-from-home affecting demand in other markets? I question whether the effect of WFH is as significant in Singapore as in other markets.