Keppel REIT

K71U: XSES (SGP)
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Keppel REIT Earnings: Distribution Per Unit Dilution Expected; Fundamentals Intact

Keppel REIT's second-half 2025 net property income rose 2.4% year on year, supported by higher contributions from Ocean Financial Centre and 2 Blue Street. However, distribution per unit, or DPU, fell 10.4% year on year due to equity issuances in October and December 2025.

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