147 views
Photo taken from Keppel REIT website.

Keppel REIT distributable income up 3.4% to $165m

The REIT promised to distribute an additional $100m over the next 5 years.

Keppel REIT’s distributable income for the first nine months of 2022 jumped to $165.4m, 3.4% higher compared to the same period last year, according to its latest bourse filing.

The increase was mainly driven by the acquisition of Keppel Bay Tower in May 2021, adjustments of income tax expense for previous years, the REIT reported. This was partially offset by the divestment of 275 George Street in Brisbane in July 2021 and lower contribution from 8 Chifley Square.

ALSO READ: Keppel units acquires 80% of 800 Super’s shares

The REIT has promised to distribute an additional $100m from accumulated capital gains over the next five years as a lead up to its 20th anniversary in 2026.

Portfolio committed occupancy and weighted average lease expiry or WALE is at 96.8% and 6.1 year, respectively. Aggregate leverage or the ratio of a REIT's debt to its total deposited property value, is at 38.4%.

As of end-September, Keppel REIT has a portfolio of $9b Grade A commercial properties is strategically located in business districts of Singapore (78.6% of portfolio), Australia (18.2% of portfolio) and South Korea (3.2% of portfolio). 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!