Keppel REIT's Distributable Income Down 3.5% in Q1
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Keppel REIT reported a 3.5% decline in distributable income to SG$48.4 million for Q1 2025, down from SG$50.2 million a year prior. Including anniversary distribution, the total was SG$53.4 million, a 3.2% decrease. However, net property income increased by 13% to SG$54.6 million, driven by strong performance from 255 George Street. The REIT maintained a high portfolio occupancy of 96% with a rental reversion of 10.6%. Shares rose nearly 2% in recent trading.
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