NPI increased 13.1% y-o-y to S$122.5m in 1H26, while share of JV income surged 37.2% y-o-y to S$83.8m. Excluding the acquisitions Top Ryde City Shopping Centre (completion: 19 Dec 25) and additional one-third interest in MBFC Tower 3 (completion: 31 Dec 25), NPI still increased 2.5% y-o-y and JV income grew 11.6% y-o-y, demonstrating underlying resilience.
Benefitting from flight-to-quality across its key markets.
- - Read this at SGinvestors.io -
Portfolio committed occupancy remained high
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Jonathan Koh CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-07-30
Previous report by UOB:
2026-07-08 Keppel REIT - Divestments Trigger DPU-Accretive Unit Buyback.
Price targets by 2 other brokers at Keppel REIT Target Prices.
Listing of research reports at Keppel REIT Analyst Reports.
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Keppel REIT Dividend Payout Dates & Corporate Actions,
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