Lower rental support hits Keppel Reit's Q4 distribution
The trust still has a remaining rental support of about S$11.5 million from the acquisition of MBFC Tower 3
Singapore
LOWER rental support made a dent in Keppel Reit's fourth-quarter distribution. For the period ended Dec 31, 2017, distribution per unit (DPU) fell to 1.43 Singapore cents, versus 1.48 Singapore cents a year ago. This will be paid on Feb 28; it also brings total DPU for FY17 to 5.7 Singapore cents.
For the full year, besides lower rental support, lower one-off income received and the absence of other gains distribution, coupled with the divestment of 77 King Street in Sydney in January 2016, also affected distributions.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama