Keppel REIT presented at the DBS Vickers Pulse of Asia conference on 8 Jan 2020. For those unfamiliar with the REIT, here are a few short primers. The REIT has approx S$8b of Grade A office assets in Singapore and Australia. Singapore consists of 81% of the total assets, while Australia has 15.2%. Korea forms a small part of the portfolio at 3.8%. For the first 9 months of 2019, the REIT’s distributable income was $142.1 million. DPU was down 0.5% compared to the same period last year at 4.18 cents Occupancy of the portfolio is high at 98.9% and weighted average lease expiry (WALE) is 5.1 years. Recent developments in the REIT include divestment of Bugis Junction Towers to Angelo Gordon for $547.5million or $2,200 psf. This price is $388m above the REIT’s purchase price of $159.5 in 2006....