Keppel Reit doubles down on growth strategy amid uncertainty

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 : K71U 0% (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. 

While distributable income was down by a slight 1 per c…