Keppel REIT (K71U) reported net property income of 215.9 million Singapore dollars for FY 2025, a 6.9 per cent increase from the previous year, driven by higher occupancy at 2 Blue Street in Sydney and stronger contributions from Ocean Financial Centre in Singapore.

Property income rose 4.9 per cent year on year to 274.5 million Singapore dollars, while contributions from associates and joint ventures grew 13.3 per cent to 124.6 million Singapore dollars.

Distributable income from operations slipped 1.1 per cent to 192.4 million Singapore dollars, and distribution per unit declined to 5.23 cents from 5.60 cents a year earlier.

As at Dec, 31 2025, aggregate leverage stood at 47.9 per cent and the weighted-average cost of debt was 3.41 per cent. The trust noted that leverage would have been 40.4 per cent if proceeds from its December 2025 preferential offering had been received by year-end.

During the year Keppel REIT completed two acquisitions: a 75 per cent stake in Top Ryde City Shopping Centre in Sydney on Dec, 19 2025 and an additional one-third interest in Marina Bay Financial Centre Tower 3 on Dec, 31 2025. Both assets are expected to contribute to earnings from 2026.

The ex-dividend date for the FY 2025 distribution is Feb, 11 2026, with payment slated for Mar, 25 2026.