Keppel REIT’s net property income up 11.8% to $108.25m in H1

Distribution per unit is 2.72 cents for the period.

Keppel REIT has more than quadrupled its profit attributable to unitholders to H1 2025 to $76m.

Net property income (NPI) rose 11.8% year-on-year (YoY) to $108.25m over the same period, according to an SGX filing on 30 July 2025.

The REIT has declared a distribution per unit of 2.72 cents for the period, slightly lower than the 2.8 cents given out in H1 2024.

Distribution yield is 6.1%; whilst distribution allotted to unitholders is just barely $105.55m.

Keppel REIT’s borrowing costs rose to nearly $46.26m in H1 2025, compared to $41.26m in H1 2024.

Profit before tax is 190.7% YoY higher at $93.42m.

As of June 30, Keppel REIT has a total portfolio value of $9.4b, comprising properties in Singapore, Australia, South Korea, and Japan.