Broker Name: OCBC Group Research
Date of Report: 4 February 2026
Excerpt from OCBC Group Research report.
Report Summary
- Keppel REIT (KREIT) reported a 6.6% year-on-year decline in FY25 distribution per unit (DPU) to 5.23 Singapore cents, missing expectations, but achieved strong rental reversions (11.5%) and improved occupancy (96.7%).
- The REIT expanded its portfolio with the acquisitions of Top Ryde City Shopping Centre in Sydney and an additional interest in Marina Bay Financial Centre Tower 3, raising aggregate leverage to 47.9% which is expected to reduce with debt repayment from a preferential offering.
Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC Group Research website: https://www.ocbc.com/
