Keppel REIT Q1 2024 Business Updates

Keppel REIT released its 1Q 2024 operational updates, reporting property income of $61.3m (+6.3% y-o-y) and net property income of $48.2m (+7.2% y-o-y). The REIT acquired a 50% interest in 255 George Street, Sydney, and maintained an aggregate leverage of 39.4% with 74% of borrowings on fixed rates at 3.18% p.a.