Keppel REIT sells Tokyo asset as property income climbs 16.7%

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

Keppel REIT has agreed to divest KR Ginza II in Tokyo for JPY11.52 billion, a premium of 28.4% over its purchase price and 9.7% over its latest valuation.

This disclosure was made as the REIT reported a 16.7% rise in property income to SGD159.3 million for the first half of 2026, up from SGD136.5 million a year earlier.

The Tokyo divestment, expected to complete in the third quarter of 2026, comes as the REIT's net property income rose 13.1% year-on-year to SGD122.5 million, from SGD108.3 million in the first half of 2025.