Keppel Reit Q3 distribution dips 6.1% to 1.85 cents a unit

Singapore

KEPPEL Reit's distribution per unit (DPU) dipped 6.1 per cent from a year ago to 1.85 cents for the third quarter ended Sept 30, due to factors such as higher borrowing costs and trust expenses.

The DPU translated to an anuualised distribution yield of 6.2 per cent based on the units' closing price of S$1.19 on Sept 30.

A unit placement to help finance the acquisition of a one-third…