Basic Profile & Key Statistics
- Main Sector(s): Office
- Country(s) with Assets: Singapore, Australia, South Korea & Japan
- of Properties (exclude development/associate/fund): 11
Key Indicators
Performance Highlight
Property income, NPI, distributable income from operation have declined slightly yoy mainly due to mainly due to the absence of contribution from 275 George Street which was divested in July 2021 and lower property income from the Australia properties and T Tower. However distribution to unitholders and DPU have increased yoy due to the anniversary distribution.
Rental Reversion
The average signing rent of the Singapore office leases for 2022 is S$ 11.54 psf, which is higher for those expiring in 2023, 2024 and 2025.
Acquisition
On 30 Nov, KREIT completed the acquisition of KR Ginza II in Japan. From the annoucement, when the property is fully leased, it is expected to be pro forma DPU accretion of 0.5%.
Development
The development of Blue & William is on track to complete by mid-2023.
Sensitivity to Interest Rate...
