Basic Profile & Key Statistics Keppel REIT (KREIT) is an office REIT that owns 9 properties across Singapore, Australia and South Korea. Acquisition of Pinnacle Office Park is targeted to complete by 4Q, once completed, it would be the 10th property for KREIT. Quarter Performance Review Property Income, NPI and distributable income from operations YoY increased by 5.7%, 7.2% and 4.6% respectively, mainly due to contributions from 311 Spencer Street after completion on 9th July 2020. The proposed acquisition of Pinnacle Office Park in Sydney is expected to complete by 4Q 2020. It was 100% funded by debt and should further improve distribution from operations moving forward. The gearing ratio is expected to rise to around 36.9% upon completion. Lease Profile Occupancy is high at 98.3%. WALE is lengthened to 7.1 years where the highest lease expiry of 17.6% falls in the year 2022. Judging from the annual reports, WALE by NLA and WALE by GRI is very similar for KREIT. Weighted average land lease expiry is long at 87.89 years....