The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to provide the key business and operational updates of Keppel REIT for the first quarter of 2025.

Better Performance Driven by Operational Strength and Contribution from 255 George Street

Key Highlights

• Supported by strong operational performance and contribution from 255 George Street, 1Q 2025 net property income (NPI) and share of results of associates increased 13.3% and 11.0% year-on-year respectively
• Portfolio occupancy remained high at 96.0% with robust rental reversion of 10.6%
• Long portfolio weighted average lease expiry (WALE) and top 10 tenants’ WALE of 4.7 years^[1] and 8.7 years^[1] respectively
• Ocean Financial Centre achieved the Building and Construction Authority (BCA) Green Mark Platinum Super Low Energy certification in April 2025

^[1] Based on attributable committed gross rent.