On Sep, 22 2026, Keppel REIT (K71U) told investors at Bank of America’s 2026 Asia Pacific Conference that it has sold its 98.47 per cent stake in KR Ginza II, Tokyo for JPY 11.52 billion, representing a 28.4 per cent premium to the November 2022 acquisition price and 9.7 per cent above the Jul, 10 2026 valuation. The divestment leaves the trust’s portfolio 96.0 per cent occupied with a weighted average lease expiry of 4.5 years on a pro forma basis.

For the six months ended Jun, 30 2026, net property income rose 13.1 per cent year-on-year to 122.5 million Singapore dollars, while distributable income from operations increased 25.2 per cent to 119.6 million Singapore dollars, supported by positive rental reversions in Singapore and higher contributions from Australian assets. Aggregate leverage stood at 40.0 per cent and the weighted average cost of debt was 3.27 per cent per annum, with 62 per cent of borrowings on fixed rates.

During 1H26 the manager committed about 1.1 million square feet of leases, achieving portfolio-wide rental reversion of +12.8 per cent and retaining 75.7 per cent of tenants. Banking and financial services accounted for 65.3 per cent of new and expansion demand by attributable rent.

Following the Tokyo sale, Keppel REIT’s portfolio spans 14 prime commercial assets across Singapore, Australia, South Korea and Japan with an aggregate value of 11.8 billion Singapore dollars. The manager said it will continue to pursue portfolio optimisation, asset enhancements and disciplined capital management to deliver stable income and sustainable returns.