Key Investment Attractions
Premium Grade Portfolio
Keppel REIT has a quality portfolio of assets strategically located in the central business district of Singapore, as well as key Australian cities of Sydney, Melbourne, Brisbane and Perth.
Well-Diversified Tenant Profile
Keppel REIT's leases are well-diversified among tenants from different industries, many of which are established corporations.
Tenants are from various industries including the banking, insurance & financial services; government agencies; technology, media and telecommunications (TMT) sector; accounting & consultancy services; and legal sectors.
Track Record of High Occupancy Levels
Keppel REIT has a proven track record for maintaining high portfolio occupancy rates.
|As at end ||Portfolio Committed Occupancy|
Long Weighted Average Lease Expiry
As at end-2017, Keppel REIT's weighted average lease expiry (WALE) was about 5.5 years for the overall portfolio and about 7.8 years for the top 10 tenants. Unitholders can look forward to income sustainability and resilience over a longer period.
Stable Income Stream
Keppel REIT has, to-date, distributed 100% of its distributable income on a quarterly basis since listing.
Benefit of Tax Transparency
Unitholders will enjoy the benefits of having the Properties held in a real estate investment trust vehicle which provides tax transparency. Under this arrangement, the taxable income of Keppel REIT will not be taxed at the trust level but at the rate applicable to each qualifying Unitholder. For individual Unitholders whose effective tax rate are below the Singapore corporate tax rate (currently at 17%), they will enjoy higher after-tax income. Individual Unitholders will be exempted from Singapore income tax if they receive such distributions as investment income and not through Singapore partnerships.
Keppel REIT is sponsored by Keppel Land Limited (Keppel Land), one of Asia's leading property companies. It is managed by Keppel REIT Management Limited, a wholly-owned subsidiary of Keppel Capital Holdings Pte Ltd (Keppel Capital), a premier asset manager in Asia with a diversified portfolio that includes real estate, infrastructure and data centre properties in key global markets.
Through the association with Keppel Land and Keppel Capital, Keppel REIT will be able to leverage Keppel Land's extensive network as well as property development and management expertise, while harnessing synergies from Keppel Capital's management platforms to deliver long-term sustainable distributions and total returns to Unitholders.