Keppel REIT (K71U) Investor presentation summary

Strategic portfolio actions

• Divested KR Ginza II in Tokyo for JPY 11.52 billion, achieving a 28.4% premium over purchase price and 9.7% over latest valuation, with portfolio occupancy remaining high at 96.0% post-divestment.

• Continued focus on portfolio optimisation through strategic acquisitions and divestments to enhance yield and long-term capital appreciation.

Financial and operational performance

• 1H 2026 distributable income from operations rose 25.2% year-on-year to $119.6 million, driven by portfolio growth and lower borrowing costs.

• Net property income increased 13.1% to $122.5 million, with strong contributions from Top Ryde City Shopping Centre and additional interest in Marina Bay Financial Centre Tower 3.

• Aggregate leverage stood at 40.0% and weighted average cost of debt at 3.27% p.a. as of 30 June 2026.

Portfolio and leasing highlights

• Portfolio committed occupancy was 96.0% with a weighted average lease expiry (WALE) of 4.5 years.

• Approximately 1.1 million square feet of leases were committed in 1H 2026, with a rental reversion of +12.8%.

• Tenant base remains diversified, with top 10 tenants contributing 29.3% of gross rent and 30.2% of committed NLA.