Basic Profile & Key Statistics Keppel REIT (KREIT) is an office REIT that owns 10 properties across Singapore, Australia and South Korea.
Performance Highlight For 9m 2021, property income, NPI and distributable income from operations have improved YoY mainly due to contributions from Victoria Police Centre in Melbourne, Pinnacle OfficePark in Sydney and Keppel Bay Tower in Singapore. The 9 months DPU has increased from 4.2 cents to 4.41 cents (assume 3Q distribute 100% of distributable income).
The new signing rent psf pm for Singapore offices is higher than expiring rents in 2022 but lower than expiring rents in 2023 and 2024.
In Jul 2021, KREIT has divested 275 George Street in Brisbane.
AEI is being carried out at 8 Chifley Square, but no information on the target completion date.
Related Parties Shareholding

REIT sponsor's shareholding is high at 40.154%REIT manager's shareholding is high at 2.082%Directors of REIT manager's shareholding...