Keppel Reit Q3 DPU up at 1.97 cents; trust manager remains upbeat

Singapore

KEPPEL Reit posted a distribution per unit (DPU) of 1.97 cents for the third quarter ended September, up from 1.96 cents a year ago.

This came as the real estate investment trust's income available for distribution for the three months rose 4.6 per cent year-on-year to $54.1 million.

This was on the back of a 6.8 per cent rise in net property income to $34.3 million, due mainly to better performance from Ocean Financial Centre (OFC) and the acquisition of 8 Exhibition Street, which was completed o…