Keppel REIT (SGX: K71U)
Keppel REIT owns a portfolio of 13 prime commercial assets located in South Korea (1), Australia (7), Japan (1), and Singapore (4). The portfolio was valued at around S$9 billion as of 31 December 2024. Keppel REIT reported a mixed set of earnings for 2024. Property income rose 12.2% year on year to...The REIT sector has seen improving fundamentals are interest rates and inflation ease.
This should be good news to income investors who rely on this asset class for a consistent source of passive income.
Although several REITs are still facing the prospects of higher finance costs, investors should look past this and focus on other metrics such as portfolio occupancy and rental reversion.
A high portfolio occupancy implies that the REIT’s properties are seeing good leasing demand while positive rental reversions indicate that tenants are willing to pay up to lease space in the REIT’s properties.
Here are four Singapore REITs that reported both high portfolio occupancy (i.e. above 90%) and also boasted double-digit positive rental reversion.