Core Viewpoint - Keppel REIT reported strong performance in Q3 2025, with a robust rental recovery and an increase in portfolio occupancy rate [1][2] Financial Performance - For the first nine months of 2025, Keppel REIT achieved total revenue of SGD 204.5 million, a year-on-year increase of 5.5% [1] - Net Property Income (NPI) reached SGD 161.3 million, reflecting an 8.6% year-on-year growth [1] - Distributable income slightly decreased by 0.6% year-on-year to SGD 159.6 million due to management fees being paid in cash rather than units [1] Operational Highlights - As of the end of Q3 2025, the portfolio committed occupancy rate increased by 0.4 percentage points to 96.3% [1] - Keppel REIT signed or renewed leases for a total area of 726,000 square feet, achieving a rental reversion rate of 12%, with Singapore properties at 11.2% [1] Future Outlook - Management expects healthy rental recovery in Q4 2025 and FY 2026, aiming for double-digit rental reversion in FY 2026 [2] - Keppel REIT proposed to acquire 75% of the Top Ryde Shopping Centre in Australia for AUD 393.8 million, which is anticipated to increase the adjusted distribution per unit (DPU) by 1.53% [2] Analyst Ratings - Galaxy International maintains an "Add" rating for Keppel REIT with a target price of SGD 1.20, highlighting the positive outlook in Singapore's premium office space sector [2]
【环球财经】新加坡吉宝房地产信托基金第三季度业绩稳定 投资组合出租率稳步上升
Xin Hua Cai Jing·2025-10-30 05:19