Keppel REIT's Ocean Financial Centre, in which a stake was sold to Allianz Real Estate in 2018. (Photo: REITsWeek)

Despite falling property income, the unit price of Keppel REIT has risen by close to 6% between January 2019 - 2020.

And an acceleration in the REIT’s unit buy-back programme may be a factor behind the rally.

Keppel REIT finished the trading day on 14 January at SGD1.25.

This is an increase of 5.9% from the SGD1.18 recorded at the start of 2019.

However, against the backdrop of this rise in unit price, Keppel REIT has been recording falling property income.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.