Newsroom
23 Apr 2025
Keppel REIT Key Business and Operational Updates for the First Quarter of 2025
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 of 2025.
Better Performance Driven by Operational Strength and Contribution from 255 George Street
Key Highlights
- Supported by strong operational performance and contribution from 255 George Street, 1Q 2025 net property income (NPI) and share of results of associates increased 13.3% and 11.0% year-on-year respectively
- Portfolio occupancy remained high at 96.0% with robust rental reversion of 10.6%
- Long portfolio weighted average lease expiry (WALE) and top 10 tenants’ WALE of 4.7 years[1] and 8.7 years[1] respectively
- Ocean Financial Centre achieved the Building and Construction Authority (BCA) Green Mark Platinum Super Low Energy certification in April 2025
[1] Based on attributable committed gross rent.
Enquiries
- Media Relations
- Frances Teh (Ms)
- Director
- Corporate Communications
- Keppel Ltd.
- DID: (65) 6413 6437
- Email: frances.teh@keppel.com
- Investor Relations
- Leng Tong Yan (Ms)
- Senior Manager
- Investor Relations & Sustainability
- Keppel Ltd.
- DID: (65) 6803 1710
- Email: tongyan.leng@keppel.com
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