Keppel REIT Key Business and Operational Updates for the First Quarter Ended 31 March 2026

The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to provide the key business and operational updates of Keppel REIT for the first quarter ended 31 March 2026.

Keppel REIT Achieves Higher Property Income and Net Property Income Supported by Higher Rental Reversions Across its Key Markets

Key Highlights

• Property Income and net property income (NPI) increased by 14.4% and 9.7% respectively year-on-year due mainly to contributions from Top Ryde City Shopping Centre and increased occupancy at Ocean Financial Centre
• Share of results of joint ventures increased by 37.6% 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
• Achieved rental reversion of 17.2% for lease renewals and portfolio occupancy remained high at 97.1%
• The weighted average lease expiry (WALE) for the portfolio and the top 10 tenants was at approximately 4.4 years^[1] and 8.0 years^[1] respectively

^[1] Based on attributable committed gross rent.