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Distributable income up at Keppel Reit

K-Green Trust posts 9.4% increase in Q1 profit

Published Mon, Apr 14, 2014 · 10:00 PM

KEPPEL Reit posted a record quarterly distributable income of $55.1 million, up 5.5 per cent year on year, for its first quarter ended March 31, 2014.

This translated into a distribution per unit of 1.97 cents for the quarter, unchanged from a year ago. Net property income rose 14.7 per cent to $39.5 million.

The commercial Reit said yesterday that this was due to improved …

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