The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to provide the key business and operational updates of Keppel REIT for the third quarter of 2026 and nine months ended 30 September 2026.
Keppel REIT Drives Portfolio Optimisation While Delivering Resilient Operating Performance
Key Highlights
- High portfolio occupancy of 96.0% and positive rental reversions of 12.0%
- Property Income and net property income (NPI) increased by 16.5% and 12.7% respectively year-on-year due mainly to contributions from Top Ryde City Shopping Centre
- Share of results of joint ventures increased by 33.3% year-on-year due mainly to contribution from the additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3, higher rentals and lower borrowing costs
- Distributable income from operations increased by 24.4% year-on-year, driven by stronger portfolio performance and contributions from acquisitions
- Announced the proposed acquisition of a 51.0% interest in Keppel South Central[1], a DPU-accretive acquisition
- Following the recent divestments, an additional $15 million in capital will be distributed to Unitholders in three semi-annual tranches, commencing from 2H 2027, following the conclusion of the Anniversary Distribution
[1] Please refer to the announcement titled “Proposed acquisition of 51.0% interest in Keppel South Central” (the “Acquisition Announcement”) for further details.
