Keppel REIT proposes SGD 610.9 million tower deal. Keppel REIT stock yields 4.30%

Published on 10/25/2026 at 02:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Income support underpins a projected 2.01 percent distribution uplift for the deal. The deal projects a 4.30 percent yield for Keppel REIT stock.

Property deal and leasing progress

Keppel REIT proposed the SGD 610.9 million Keppel South Central purchase on October 20, 2026.
Leasing coverage reached 60.00 percent by October 15, 2026.
Keppel REIT stock was last at EUR 0.56 on October 24, 2026 at 8:44 p.m. CEST at gettex.

Keppel REIT, SG1T22929874, Illustration mit AI erstellt.

Keppel REIT (SG1T22929874) proposed a SGD 610.9 million purchase of a 51 percent interest in Keppel South Central on October 20, 2026. According to EconoTimes, the transaction includes income support and requires approval from unitholders.

What supports the 4.30 percent yield?

The proposed property yield is 4.30 percent, including the sponsor-backed income support. The deal would raise Keppel REIT's Singapore portfolio share to 82.00 percent, while the seller would retain 49 percent of the property interest, according to EconoTimes.

Leasing progress is the central execution issue. Committed leases covered 48.80 percent of the building as of September 30, 2026, rising to 52.70 percent after leases still being documented and to 60.00 percent by October 15, 2026. The income support covers a gap up to SGD 2.23 million per month for as long as five years, according to EconoTimes.

When does the next update arrive?

Keppel REIT's third-quarter and nine-month 2026 business update is scheduled for October 28, 2026, before the market opens, according to Keppel. The proposed acquisition is expected to reach completion in the second quarter of 2027, subject to approvals and leasing conditions.

Approval remains the next test

The transaction is projected to increase distribution per unit by 2.01 percent on a pro forma basis, but the building's leasing level and the required unitholder vote remain material milestones. The last available euro price came from gettex and stood at EUR 0.56 on October 24, 2026 at 8:44 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Keppel REIT stock.