Broker Name: CGS International
Date of Report: December 11, 2025
Excerpt from CGS International report.

Report Summary

• Keppel REIT (KREIT) is acquiring an additional one-third stake in Marina Bay Financial Centre Tower 3 (MBFC3), expanding its ownership to 66.7% and deepening its exposure to Singapore’s premium office sector.
• The acquisition will be funded mainly through a preferential equity offering and some debt, increasing KREIT’s Singapore exposure to 79% of its portfolio and raising its asset base to S\$11.2bn; however, the deal is expected to be initially DPU dilutive, with long-term benefits from rental reversion potential and stable market fundamentals.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgsi.com/