---
title: "Keppel Infrastructure Trust Defends Portfolio Strategy as Distributable Income Climbs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288072473.md"
description: "Keppel Infrastructure Trust reported a 24% year-on-year increase in distributable income to S$249.5 million for FY2025, driven by recent acquisitions and stable cash flows. Management defended its portfolio strategy at the AGM, explaining a S$38.5 million impairment on an offshore wind asset due to temporary low wind speeds and asserting that lower landfill pricing in Korea is cyclical. With net gearing at 39%, the trust maintains balance sheet headroom for future deals. Analysts maintain a 'Buy' rating with a S$0.60 price target."
datetime: "2026-05-29T12:58:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288072473.md)
  - [en](https://longbridge.com/en/news/288072473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288072473.md)
---

# Keppel Infrastructure Trust Defends Portfolio Strategy as Distributable Income Climbs

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The latest announcement is out from Keppel Infrastructure ( (SG:A7RU) ).

At its 2026 annual general meeting in Singapore, Keppel Infrastructure Trust’s management addressed unitholders’ questions on FY2025 performance, portfolio impairments and capital allocation, while underscoring that cash flow metrics, rather than accounting profit, remain the key measure of the trust’s health. Management highlighted a 24% year-on-year rise in distributable income to S$249.5 million, the contribution from recent acquisitions such as Keppel Marina East Desalination Plant and Global Marine Group, and balance sheet headroom with net gearing at about 39% to pursue further accretive deals.

The trust explained a S$38.5 million impairment at its Borkum Riffgrund 2 offshore wind asset as driven by unusually low North Sea wind speeds in early 2025, stressing that wind conditions have since normalised and that other European wind holdings did not warrant impairments. Executives also defended the medium-term prospects of Eco Management Korea, arguing that current lower landfill pricing is cyclical amid a weak Korean economy and that withholding landfill capacity now could enhance future returns when prices recover.

The most recent analyst rating on (SG:A7RU) stock is a Buy with a S$0.60 price target. To see the full list of analyst forecasts on Keppel Infrastructure stock, see the SG:A7RU Stock Forecast page.

**More about Keppel Infrastructure**

Keppel Infrastructure Trust is a Singapore-listed infrastructure-focused business trust investing in energy, environmental services and other essential assets. Its diversified portfolio spans offshore and onshore renewables, water treatment and desalination, utilities and waste management, with an emphasis on stable, long-term cash flows and disciplined capital recycling to support distributions.

**Average Trading Volume:** 10,066,360

**Technical Sentiment Signal:** Buy

**Current Market Cap:** S$3.26B

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