I held 7% of office REITs in my stock portfolio, mainly made up of Keppel REIT and Frasers Commercial Trust at 5% and 2% respectively. Keppel REIT has announced its 4Q2016 financial results on 24th January 2017. A set of pretty disappointing results which reflects the weakness and headwinds in office REITs in current economy. I expect headwinds but didn’t expect results to be so bad. This is in consideration that Keppel REIT sold its 77 King Street asset at 40% profit at A$160 million. Where is the profit attributed to share holders? (Read point number 6 under Investment Risks below) Gearing ratio as at 31st December 2016 is at 38.5%. Perhaps most of the profit from the sale of 77 King Street has been used to repay its debt. Although the portfolio occupancy is at 99.2%, Keppel REIT achieved an average signing rent of $9.......