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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