The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to announce the unaudited results of Keppel REIT for the half year ended 30 June 2025.

Continued Strong Performance Underpinned by Robust Operations and
Contribution from 255 George Street

Key Highlights

• Net property income (NPI) and the share of results of associates for 1H 2025 recorded strong year-on-year increases of 11.8% and 13.6% respectively
• The portfolio achieved a strong rental reversion of 12.3% and maintained a high occupancy of 95.9% 
• The weighted average lease expiry (WALE) for the portfolio and the top 10 tenants were extended to approximately 4.8 years^[1] and 9.0 years^[1]  respectively
• The Singapore portfolio continued to be an engine of growth and key contributor to the overall performance, consistently delivering positive rental reversions and organic growth 
• Distributable income from operations would have increased by 5.9% year-on-year, if management fees were paid entirely in Units

^[1] Based on attributable committed gross rent.