For investors, Keppel REIT also stands out because it is one of only two S-REITs that has an active unit buy-back programme that has met with a positive response from investors. In 1H2023, Keppel REIT bought back 19.65 million units in 1H2023 of which 10.15 million units were bought back in 2Q2023.
Keppel REIT’s Singapore assets make up much of the city-state’s CBD skyline as it owns a one-third stake in Marina Bay Financial Centre and One Raffles Quay, and 79.9% of Ocean Financial Centre.
To DBS Group Research, Keppel REIT stands out for its best-in-class office portfolio, which is anchored by the Grade A offices in prime locations in Singapore. As the only pure-play Singapore REIT (S-REIT), the REIT’s portfolio offers a value that REIT investors “have yet to appreciate”.
