Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director of Keppel REIT Management Limited Carol Anne Tan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Keppel REIT to Report Q1, 2026 Results on Apr 21, 2026 Keppel REIT announced that they will report Q1, 2026 results Pre-Market on Apr 21, 2026 Announcement • Mar 25
Keppel REIT, Annual General Meeting, Apr 16, 2026 Keppel REIT, Annual General Meeting, Apr 16, 2026, at 15:00 Singapore Standard Time. Location: marina bay sands expo and convention centre, level 3, begonia ballroom, 10 bayfront avenue, singapore 018956, Singapore Announcement • Jan 09
Keppel REIT to Report Second Half, 2025 Results on Feb 04, 2026 Keppel REIT announced that they will report second half, 2025 results on Feb 04, 2026 Announcement • Jan 02
Keppel REIT (SGX:K71U) completed the acquisition of additional 33.33% stake in Marina Bay Financial Centre Tower 3 from Sageland Private Limited. Keppel REIT (SGX:K71U) signed an sale and purchase agreement to acquire additional 33.33% stake in Marina Bay Financial Centre Tower 3 from Sageland Private Limited for approximately SGD 910 million on December 11, 2025. A cash consideration of SGD 908.1 million will be paid by Keppel REIT. As part of consideration, SGD 908.1 million is paid towards assets of Marina Bay Financial Centre Tower 3. Upon completion, Keppel REIT will own two-third interest in Marina Bay Financial Centre Tower 3. The transaction will be financed through senior debt of SGD 51.2 million and Initially funded by an Equity Bridge Loan of SGD 886.3 million. The net proceeds raised from the Preferential Offering will be used to repay the Equity Bridge Loan.
Completion will take place on December 31, 2025.
Keppel REIT (SGX:K71U) completed the acquisition of additional 33.33% stake in Marina Bay Financial Centre Tower 3 from Sageland Private Limited on December 31, 2025. Announcement • Dec 12
Keppel REIT (SGX:K71U) executed a sale and purchase agreement to acquire an additional 33.33% stake in Central Boulevard Development Pte Ltd from Sageland Private Limited for approximately SGD 910 million. Keppel REIT (SGX:K71U) executed a sale and purchase agreement to acquire an additional 33.33% stake in Central Boulevard Development Pte Ltd from Sageland Private Limited for approximately SGD 910 million on December 11, 2025. A cash consideration of SGD 908.1 million will be paid by Keppel REIT. As part of consideration, SGD 908.1 million is paid towards common equity of Central Boulevard Development Pte Ltd. The consideration is subject to post-completion adjustments. Upon completion, Keppel REIT will own 66.67% stake in Central Boulevard Development Pte Ltd. The transaction will be financed through approximately 94.5% from net proceeds of the preferential offering and approximately 5.5% from debt financing.
The expected completion of the transaction is December 31, 2025. Announcement • Oct 10
MA Financial Group Limited (ASX:MAF) and Keppel REIT (SGX:K71U) entered into a sale and purchase agreement to acquire Top Ryde City Shopping Centre from Bevillesta Pty Limited for approximately AUD 530 million. MA Financial Group Limited (ASX:MAF) and Keppel REIT (SGX:K71U) entered into a sale and purchase agreement to acquire Top Ryde City Shopping Centre from Bevillesta Pty Limited for approximately AUD 530 million on October 7, 2025. A cash consideration of AUD 525 million will be paid by MA Financial Group Limited and Keppel REIT. The transaction will be financed through equity investment of AUD 256.44 million and senior debt of AUD 170.96 million.
The transaction is subject to approval by Foreign Investment Review Board of the Commonwealth of Australia. The expected completion of the transaction is in first quarter of 2026. Announcement • Jul 06
Keppel REIT to Report First Half, 2025 Results on Jul 30, 2025 Keppel REIT announced that they will report first half, 2025 results on Jul 30, 2025 Announcement • Mar 28
Keppel REIT to Report Q1, 2025 Results on Apr 23, 2025 Keppel REIT announced that they will report Q1, 2025 results Pre-Market on Apr 23, 2025 Announcement • Mar 25
Keppel REIT, Annual General Meeting, Apr 16, 2025 Keppel REIT, Annual General Meeting, Apr 16, 2025, at 15:00 Singapore Standard Time. Location: suntec singapore convention and exhibition centre, nicoll 1-2, level 3, 1 raffles boulevard, suntec city, singapore 039593, Singapore Announcement • Jan 27
Keppel REIT Announces Distribution for the Period from 1 July 2024 to 31 December 2024, Payable on 17 March 2025 Keppel REIT has announced a distribution of 2.80 cents per unit in for the period from 1 July 2024 to 31 December 2024, comprising a taxable income component of 1.53 cents per Unit, a tax-exempt income component of 1.01 cents per Unit and a capital gains component of 0.26 cents per Unit (the Distribution). Unitholders of the company who are registered in the Register of Unitholders as at the RECORD DATE and Unitholders registered in the Depository Register whose securities accounts with The Central Depository (Pte) Limited (CDP) are credited with Units as at the Record Date will be entitled to the Distribution to be paid on 17 March 2025. The company announced the Transfer Books and Register of Unitholders of the company will be closed on 6 February 2025 (the record date) to determine Unitholders' entitlements to the company’s distribution. Announcement • Jan 03
Keppel REIT to Report Second Half, 2024 Results on Jan 27, 2025 Keppel REIT announced that they will report second half, 2024 results on Jan 27, 2025 Announcement • Sep 27
Keppel REIT to Report Q3, 2024 Results on Oct 22, 2024 Keppel REIT announced that they will report Q3, 2024 results on Oct 22, 2024 Declared Dividend • Aug 02
First half dividend of S$0.028 announced Shareholders will receive a dividend of S$0.028. Ex-date: 6th August 2024 Payment date: 13th September 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.8%. New Risk • Jul 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 6.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 128% Cash payout ratio: 124% Minor Risk Profit margins are more than 30% lower than last year (35% net profit margin). Announcement • Jul 30
Keppel REIT Announces Distribution for the Period from 1 January 2024 to 30 June 2024, Payable on 13 September 2024 Keppel REIT has announced a distribution of 2.80 cents per unit in Keppel REIT ("Unit") for the period from 1 January 2024 to 30 June 2024, comprising a taxable income component of 1.53 cents per Unit, a tax-exempt income component of 1.01 cents per Unit and a capital gains component of 0.26 cents per Unit (the "Distribution"). Record date is 7 August 2024. Unitholders of Keppel REIT ("Unitholders") who are registered in the Register of Unitholders as at the Record Date and Unitholders registered in the Depository Register whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units as at the Record Date will be entitled to the Distribution to be paid on 13 September 2024. Announcement • Jul 06
Keppel REIT to Report Q2, 2024 Results on Jul 30, 2024 Keppel REIT announced that they will report Q2, 2024 results on Jul 30, 2024 Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director of Keppel REIT Management Limited Carol Anne Tan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Keppel REIT to Report Q1, 2024 Results on Apr 23, 2024 Keppel REIT announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Mar 28
Keppel REIT, Annual General Meeting, Apr 19, 2024 Keppel REIT, Annual General Meeting, Apr 19, 2024, at 10:30 Singapore Standard Time. Location: t Suntec Singapore Convention and Exhibition Centre, Nicoll 1-2, Level 3, 1 Raffles Boulevard, Suntec City, Singapore 039593 Singapore Agenda: To receive and adopt the Trustee's Report, the Manager's Statement, the Audited Financial Statements of Keppel REIT for the financial year ended 31 December 2023 and the Auditor's Report thereon;to re-appoint Messrs PricewaterhouseCoopers LLP as the Auditor of Keppel REIT and authorise the Manager to fix the Auditor's remuneration; to re-endorse the appointment of Mr Alan Nisbet as Director; to re-endorse the appointment of Mr Mervyn Fong as Director; to endorse the appointment of Ms Carol Anne Tan as Director; to approve the renewal of the Unit Buy-Back Mandate. Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: S$0.045 (vs S$0.11 in FY 2022) Full year 2023 results: EPS: S$0.045 (down from S$0.11 in FY 2022). Revenue: S$233.1m (down 27% from FY 2022). Net income: S$168.6m (down 58% from FY 2022). Profit margin: 72% (down from 127% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Announcement • Jan 07
Keppel REIT to Report Fiscal Year 2023 Results on Jan 30, 2024 Keppel REIT announced that they will report fiscal year 2023 results Pre-Market on Jan 30, 2024 