Share of results of associates and joint ventures was up 13.3% y-o-y to $124.6 million due to higher rentals at Singapore assets and lower borrowing costs.
Keppel REIT’s (SGX:K71U
) distribution per unit (DPU) declined 6.6% y-o-y to 5.23 cents in FY2025 for the 12 months to Dec 31, 2025, attributable to the enlarged unit base and the absence of contribution from the acquisition of 75% interest in Top Ryde City Shopping Centre and the acquisition of an additional one-third interest in MBFC Tower 3.
Property income increased 4.9% y-o-y to $274.5 million while net property income (NPI) rose 6.9% y-o-y to $215.9 million. The increase was mainly due to contributions from 255 George Street which was acquired back in May 2024, and higher occupancy at 2 Blue Street.
