The Business Times
TOPLINE
·
SUBSCRIBERS

Keppel Reit doubles down on growth strategy amid uncertainty

The manager’s top priority is ‘sticking to its fundamentals’ and taking the long view amid potential headwinds on multiple fronts

Ry-Anne Lim

Ry-Anne Lim

Published Mon, Apr 1, 2024 · 05:00 AM
    • Chief executive Koh Wee Lih emphasises the manager's core operating principles of prudent capital management, portfolio diversification, and taking the long view, especially in the face of uncertainty.
    • Chief executive Koh Wee Lih emphasises the manager's core operating principles of prudent capital management, portfolio diversification, and taking the long view, especially in the face of uncertainty. PHOTO: YEN MENG JIIN, BT

    IT HAS been a challenging few years, with a global pandemic wreaking havoc on the economy, growing inflationary pressures, and a fast-changing macroeconomic climate. Yet, Keppel real estate investment trust (Keppel Reit) has held firm through it all, blooming in adversity. 

    The trust’s property income has steadily grown in the past five years. 

    In its latest financial year ended December 2023, property income was up 6.3 per cent at S$233.1 million, from S$219.3 million in the previous year-ago period. Compared with FY2019, property income grew by around 42 per cent from S$164.1 million. 

    ToplineKeppel Reit

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More