Sustainable Prime Commercial Portfolio
Keppel REIT is one of Asia’s leading real estate investment trusts with a portfolio of prime commercial assets in Asia Pacific's key business districts.
Out of Keppel REIT's portfolio of 13 properties, 121 of them are green certified and all of its Singapore assets have achieved the Green Mark Platinum or Green Mark Platinum Super Low Energy certifications by the Building and Construction Authority. The majority of Keppel REIT's properties in Australia have achieved NABERS Energy rating of 5-star and above.
Well-Diversified Quality Tenant Base
Keppel REIT's leases span across a well-diversified tenant profile, many of which are established corporations. Its tenants are from various industries including the banking, insurance and financial services, government agencies, as well as technology, media and telecommunications sectors.
Resilient Portfolio with High Committed Occupancy
Keppel REIT has a track record of maintaining high committed portfolio occupancy rates, as shown below.
| As at end | Portfolio Committed Occupancy |
| 2024 | 97.9% |
| 2023 | 97.1% |
| 2022 | 96.3% |
| 2021 | 95.4% |
| 2020 | 97.9% |
| 2019 | 99.1% |
| 2018 | 98.4% |
| 2017 | 99.7% |
| 2016 | 99.2% |
| 2015 | 99.3% |
| 2014 | 99.3% |
| 2013 | 99.8% |
| 2012 | 98.5% |
| 2011 | 94.1% |
| 2010 | 97.0% |
| 2009 | 95.0% |
| 2008 | 99.0% |
Long Weighted Average Lease Expiry (WALE)
A key value proposition for Keppel REIT is its long WALE of approximately 9.0 years and 4.7 years for its top 10 tenants and portfolio, respectively. This ensures income stability for the REIT over the long term. At the same time, the Manager seeks to maintain a well-staggered lease expiry profile. As at end-2024, not more than 25% of the portfolio’s total committed leases (by attributable committed gross rent) will expire in any one year over the next five years.
Sustainable Returns and Value Creation
Keppel REIT remains focused on optimising its portfolio and driving operational excellence to deliver long-term sustainable distributions and total returns to Unitholders.
Experienced and Professional Management Teams
The Board of Directors of Keppel REIT's Manager comprises experienced personnel with expertise across different fields. The Manager is staffed with experienced professionals, with a track record of successfully investing in and managing quality real estate and real estate-related assets in Asia Pacific.
Leveraging Strengths
Keppel REIT is managed by Keppel REIT Management Limited and sponsored by Keppel, a global asset manager and operator with strong expertise in sustainability related solutions spanning the areas of infrastructure, real estate and connectivity.
Keppel REIT is able to leverage Keppel's extensive network, property development and management expertise, as well as harnessing synergies from Keppel's Fund Management platforms to deliver long-term sustainable distributions and total returns to its Unitholders.
1. Except for 2 Blue Street which achieved practical completion in April 2023. It is designed to achieve the 5-star Green Star Design & As Built Rating by the Green Building Council of Australia and is currently pending certification.
