Keppel-KBS US REIT – US-Focused Office REIT Debuts on SGX
Keppel-KBS US REIT, a US-focused office REIT, made its trading debut on the Mainboard today. It has an initial portfolio of 11 freehold office properties across seven key markets in the US. Prior to Keppel-KBS US REIT’s IPO, SGX lists a total of 41 REITs and property trusts with a combined market capitalisation of S$85.9 billion. The 41 REITs and property trusts have an average dividend yield of 6.3% and have generated a market capitalisation weighted average total return of +23.1% in the YTD.