Keppel REIT Key Business and Operational Updates for the Third Quarter of 2025 and Nine Months Ended 30 September 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 third quarter of 2025 and nine months ended 30 September 2025.

Keppel REIT delivers strong performance, driven by robust demand for prime office space in Singapore and contribution from 255 George Street

Key Highlights

• Net property income (NPI) and share of results of associates increased by 8.6% and 15.4% year-on-year respectively, supported by contribution from 255 George Street, sustained demand for Singapore prime office and lower borrowing costs at the associate level
• Committed occupancy increased to 96.3%, with a positive 12.0% rental reversion
• Weighted average cost of debt improved from 3.51% in 1H 2025 to 3.45% in 9M 2025
• On a like-for-like basis, distributable income from operations would have increased by 6.7% year-on-year, if management fees were paid entirely in Units
• Announced the acquisition of a 75% interest in Top Ryde City Shopping Centre, a high-quality freehold regional mall anchored by resilient non-discretionary retail
• With 2 Blue Street attaining a 6-star Green Star rating, all properties in Keppel REIT’s portfolio are now green certified