Issued and Fully Paid Units (As at 27 February 2025)
3,870,594,655 Units (Voting rights: 1 vote per Unit)
There is only one class of Units in Keppel REIT.
Market capitalisation of S$3,096,475,724 based on market closing price of S$0.800 per Unit on 27 February 2025.
Distribution Of Unitholdings (As at 27 February 2025)
| Size of Unitholdings | No. of Unitholders | Unitholding (%) | No. of Units | Unitholding (%) |
| 1- 99 | 5,045 | 6.35 | 246,276 | 0.01 |
| 100 - 1,000 | 33,802 | 42.57 | 15,831,475 | 0.41 |
| 1,001 - 10,000 | 28,470 | 35.85 | 104,833,066 | 2.71 |
| 10,001 - 1,000,000 | 12,027 | 15.15 | 535,315,450 | 13.83 |
| 1,000,001 and above | 60 | 0.08 | 3,214,368,388 | 83.04 |
| Total | 79,404 | 100.00 | 3,870,594,655 | 100.00 |
Twenty Largest Unitholders (As at 27 February 2025)
| No. | Name | No. of Units | Unitholding (%) |
| 1 | Keppel REIT Investment Pte. Ltd. | 1,123,768,440 | 29.03 |
| 2 | Citibank Nominees Singapore Pte Ltd | 566,594,314 | 14.64 |
| 3 | DBS Nominees (Private) Limited | 314,756,998 | 8.13 |
| 4 | HSBC (Singapore) Nominees Pte Ltd | 217,791,536 | 5.63 |
| 5 | Keppel REIT Management Limited | 186,927,615 | 4.83 |
| 6 | Raffles Nominees (Pte.) Limited | 175,045,625 | 4.52 |
| 7 | Keppel Capital Investment Holdings Pte. Ltd. | 156,929,868 | 4.05 |
| 8 | DBSN Services Pte. Ltd. | 151,825,203 | 3.92 |
| 9 | United Overseas Bank Nominees (Private) Limited | 41,684,976 | 1.08 |
| 10 | Phillip Securities Pte Ltd | 35,278,687 | 0.91 |
| 11 | OCBC Nominees Singapore Private Limited | 18,736,012 | 0.48 |
| 12 | BPSS Nominees Singapore (Pte.) Ltd. | 16,104,436 | 0.42 |
| 13 | iFAST Financial Pte. Ltd. | 15,798,652 | 0.41 |
| 14 | OCBC Securities Private Limited | 14,700,036 | 0.38 |
| 15 | BNP Paribas Nominees Singapore Pte. Ltd. | 13,755,453 | 0.36 |
| 16 | UOB Kay Hian Private Limited | 11,962,962 | 0.31 |
| 17 | DB Nominees (Singapore) Pte Ltd | 10,169,429 | 0.26 |
| 18 | Maybank Securities Pte. Ltd. | 9,985,298 | 0.26 |
| 19 | ABN AMRO Clearing Bank N.V. | 9,851,044 | 0.25 |
| 20 | CGS INTL Securities Singapore PL | 9,606,539 | 0.25 |
| Total | 3,101,273,123 | 80.12 |
Unitholdings of the Directors of the Manager (As at 21 January 2025)
Based on the Register of Directors’ Unitholdings maintained by the Manager, the direct and deemed interests of each Director in the Units1 of Keppel REIT as at 21 January 2025 are as follows:
| Name of Director | No. of Units |
| Mr Tan Swee Yiow | 1,967,755 (Direct) |
| Mr Ian Roderick Mackie | 114,300 (Direct) |
| Mr Alan Rupert Nisbet | 155,600 (Deemed)2 |
| Ms Christina Tan | 256,446 (Direct) |
| Mr Mervyn Fong | 91,340 (Direct) and 3,173 (Deemed)2 |
| Mr Yoichiro Hamaoka | 72,600 (Direct) |
| Ms Carol Anne Tan | 17,100 (Direct) |
| 1 | As at 21 January 2025, none of the Directors have any interests in any convertible securities in Keppel REIT. |
| 2 | Each of Mr Nisbet and Mr Fong has a deemed interest in Units held by their respective spouses. |
Substantial Unitholders (As at 27 February 2025)
Based on the Register of Substantial Unitholders’ Unitholdings maintained by the Manager, the direct and deemed interests of each Substantial Unitholder of Keppel REIT in the Units of Keppel REIT as at 27 February 2025 are as follows:
| Name | No. of Units | Unitholding (%) |
| Temasek Holdings (Private) Limited | 1,500,118,387 (Deemed)1 | 38.75 |
| Keppel Ltd. | 1,467,626,123 (Direct and Deemed)2 |
37.92 |
| Keppel Management Ltd. | 1,123,768,44 (Deemed)3 | 29.03 |
| Keppel Real Estate (Singapore) Pte. Ltd. (formerly known as Keppel Land (Singapore) Pte. Ltd.) | 1,123,768,440 (Deemed)4 | 29.03 |
| Keppel REIT Investment Pte. Ltd. | 1,123,768,440 (Direct) | 29.03 |
| Keppel Capital Holdings Pte. Ltd. | 343,857,483 (Deemed)5 | 8.88 |
| 1 | Temasek Holdings (Private) Limited’s deemed interest arises from the deemed interest held by Keppel Ltd. and other subsidiaries and associated companies of Temasek Holdings (Private) Limited. |
| 2 | Keppel Ltd.’s deemed interest arises from its shareholdings in (i) Keppel Capital Investment Holdings Pte. Ltd. and Keppel REIT Management Limited, both of which are wholly-owned subsidiaries of Keppel Ltd. held through Keppel Capital Holdings Pte. Ltd. and (ii) Keppel REIT Investment Pte. Ltd., a wholly-owned subsidiary of Keppel Ltd. held through Keppel Real Estate (Singapore) Pte. Ltd. (formerly known as Keppel Land (Singapore) Pte. Ltd.) and Keppel Management Ltd. |
| 3 | Keppel Management Ltd.’s deemed interest arises from its indirect shareholdings in Keppel REIT Investment Pte. Ltd., a wholly-owned subsidiary of Keppel Real Estate (Singapore) Pte. Ltd. |
| 4 | Keppel Real Estate (Singapore) Pte. Ltd.’s deemed interest arises from its shareholdings in Keppel REIT Investment Pte. Ltd., a wholly-owned subsidiary of Keppel Real Estate (Singapore) Pte. Ltd. |
| 5 | Keppel Capital Holdings Pte. Ltd.’s deemed interest arises from its shareholdings in Keppel Capital Investment Holdings Pte. Ltd. and Keppel REIT Management Limited, both of which are wholly-owned subsidiaries of Keppel Capital Holdings Pte. Ltd. |
Public Unitholders (As at 27 February 2025)
Based on the information available to the Manager as at 27 February 2025, approximately 61.17% of the issued Units in Keppel REIT are held by the public and therefore, pursuant to Rules 1207 and 723 of the Listing Manual of the SGX-ST, it is confirmed that at least 10% of the issued Units in Keppel REIT are at all times held by the public.
Treasury Units and Subsidiary Holdings
As at 27 February 2025, there are no treasury units or subsidiary holdings held by Keppel REIT or the Manager.
