Unaudited Results of Keppel REIT for the Half Year Ended 30 June 2026

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 2026.

Keppel REIT Delivers Higher Distributable Income and Remains Well-Positioned to Benefit from Demand for Prime Commercial Assets

Key Highlights

• Property Income and net property income (NPI) increased by 16.7% and 13.1% respectively year-on-year due mainly to contributions from Top Ryde City Shopping Centre
• Share of results of joint ventures increased by 37.1% year-on-year due mainly to contribution from the additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3, higher rentals and lower borrowing costs
• Strong leasing momentum with positive rental reversion of 12.8%
• Weighted average lease expiry (WALE) for the portfolio and top 10 tenants was at approximately 4.5 years^[1] and 8.0 years^[1] respectively
• Distributable income from operations increased by 25.2% year-on-year, driven by portfolio growth and lower borrowing costs

^[1] Based on attributable committed gross rent.