Keppel REIT's Blue & William. (Keppel REIT)

Data from Keppel REIT’s latest disclosure has been updated into the Singapore REITs table.

Keppel REIT may have reported higher income for its 1Q 2024, but rising financing costs and deteriorating portfolio occupancy have cast a pall over its performance for the period.

Keppel REIT reported on 23 April that its property income increased by 6.3% to SGD61.3 million on a year-on-year basis.

Accordingly, the REIT’s net property income (NPI) grew by 7.2% to SGD48.2 million in 1Q 2024 when compared to the corresponding period of 2023.

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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.