Keppel DC REIT (FRA:R09) ROE %: 14.81% (As of Dec. 2025) — 59% Above Median


FRA:R09 Keppel DC REIT FRA:R09
63 GF Score
Price €1.50
GF Value €1.63
Valuation Fairly Valued
! 10 Warning Signs
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What is Keppel DC REIT ROE %?

Keppel DC REIT FRA:R09 63 ROE % is 14.81% as of Dec. 2025, which is 59% above its 10-year median of 9.32. GuruFocus rates FRA:R09 with a GF Score™ of 63/100 and a GF Value™ of €1.63 (Fairly Valued). The stock has 10 warning signs investors should review. Among 933 REITs companies, Keppel DC REIT ranks better than 78.56% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Keppel DC REIT's annualized net income for the quarter that ended in Dec. 2025 was €383.3 Mil. Keppel DC REIT's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was €2,587.5 Mil. Therefore, Keppel DC REIT's annualized ROE % for the quarter that ended in Dec. 2025 was 14.81%.

The historical rank and industry rank for Keppel DC REIT's ROE % or its related term are showing as below:

FRA:R09' s ROE % Range Over the Past 10 Years
Min: 5.02   Med: 9.32   Max: 14.8
Current: 11.55

During the past 12 years, Keppel DC REIT's highest ROE % was 14.80%. The lowest was 5.02%. And the median was 9.32%.

FRA:R09's ROE % is ranked better than
78.56% of 933 companies
in the REITs industry
Industry Median: 6.2 vs FRA:R09: 11.55

Keppel DC REIT  (FRA:R09) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=383.326/2587.472
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(383.326 / 304.432)*(304.432 / 4115.402)*(4115.402 / 2587.472)
=Net Margin %*Asset Turnover*Equity Multiplier
=125.92 %*0.074*1.5905
=ROA %*Equity Multiplier
=9.32 %*1.5905
=14.81 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=383.326/2587.472
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (383.326 / 426.266) * (426.266 / 231.598) * (231.598 / 304.432) * (304.432 / 4115.402) * (4115.402 / 2587.472)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8993 * 1.8405 * 76.08 % * 0.074 * 1.5905
=14.81 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Keppel DC REIT ROE % Related Terms


Keppel DC REIT ROE % Historical Data

* Premium members only.

The historical data trend for Keppel DC REIT's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Keppel DC REIT ROE % Chart

Keppel DC REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.15 10.16 4.98 10.70 11.01

Keppel DC REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.24 9.62 13.25 7.78 14.81

FRA:R09 vs BXP, ARE, VNO: ROE % Comparison

For the REIT - Office subindustry, Keppel DC REIT's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Keppel DC REIT ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Keppel DC REIT's ROE % distribution charts can be found below:

* The bar in red indicates where Keppel DC REIT's ROE % falls into.


FRA:R09
63GF Score
Keppel DC REIT FRA:R09
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Keppel DC REIT ROE % Calculation

Keppel DC REIT's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=283.07/( (2384.683+2758.085)/ 2 )
=283.07/2571.384
=11.01 %

Keppel DC REIT's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=383.326/( (2416.859+2758.085)/ 2 )
=383.326/2587.472
=14.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 14.81% mean?
Keppel DC REIT (FRA:R09) has a ROE % of 14.81% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Keppel DC REIT and its competitors. This is 59% above median its historical median of 9.32. Over the past decade, Keppel DC REIT's ROE % has ranged from 5.02 to 14.80. According to the industry distribution chart, Keppel DC REIT ranks #200 out of 933 companies in the REITs industry, placing it in the top 21.4%.
Is Keppel DC REIT's ROE % too high?
Keppel DC REIT's current ROE % of 14.81% is 59% above median its 10-year median of 9.32. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 14.80. The REITs industry median ROE % is 6.20. Keppel DC REIT's value of 14.81% is 138.9% above this industry median. Based on the distribution chart, Keppel DC REIT ranks #200 out of 933 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Keppel DC REIT has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Keppel DC REIT's ROE % compare to BXP and ARE?
According to the REITs industry distribution chart, Keppel DC REIT ranks #200 out of 933 companies for ROE %. This places Keppel DC REIT in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 6.20. Keppel DC REIT's value of 14.81% is 138.9% above this benchmark. Historically, Keppel DC REIT's own ROE % has ranged from 5.02 to 14.80 over the past decade. While the company's 10-year median is 9.32 vs. the industry median of 6.20, Keppel DC REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.20, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Keppel DC REIT's current ROE % of 14.81% is 138.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Keppel DC REIT and its competitors. For the REITs industry, the median ROE % is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keppel DC REIT's current ROE % is 14.81%, which is 59% above median its own 10-year median of 9.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel DC REIT stock overvalued right now?
Based on GuruFocus' analysis, Keppel DC REIT (FRA:R09) is currently considered Fairly Valued. The stock's GF Value™ is €1.63, compared to a current price of €1.50 — trading 8% below its estimated fair value. The current ROE % is 14.81%, which is 59% above median its 10-year median of 9.32 and 138.9% above the REITs industry median of 6.20. Keppel DC REIT's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Keppel DC REIT (FRA:R09), the current ROE % is 14.81% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Keppel DC REIT (FRA:R09) Overvalued in 2026?

Based on GuruFocus' analysis, Keppel DC REIT stock appears to be undervalued. The current stock price of €1.50 is trading 8% below its estimated GF Value™ of €1.63. GuruFocus considers Keppel DC REIT to be Fairly Valued.

Key valuation signals for FRA:R09:

  • ROE %: 14.81% (59% above median its 10-year median of 9.32)
  • GF Value™: €1.63 vs. price of €1.50 (8% below fair value)
  • GF Score™: 63/100 with 10 warning signs
  • Industry Position: 138.9% above the REITs median (#200 of 933)

No single metric tells the full story. See the FRA:R09 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keppel DC REIT Business Description

Industry Real EstateREITs
Other Exchanges KPDCF:USAAJBU:Singapore
Address 16 Collyer Quay, No. 07-01, Singapore, SGP, 049318
Keppel DC REIT is a real estate investment trust that principally invests in real estate assets used primarily for data center purposes and assets necessary to support the digital economy. As at March 31, 2026, it held a SGD 6.3 billion portfolio of 25 properties across 10 countries in Asia and Europe. Its properties are leased out as colocation, fully fitted, and shell and core data centers. The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Limited owns around a 20% stake in the trust.
63GF Score

Get the complete analysis for FRA:R09

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.50
Price
€1.63
GF Value