UNITS of Keppel Reit : K71U 0%reached a 16-day low in early trading on Friday (Jul 28) after Keppel Corp said it will distribute the real estate investment trust’s units to mark its 55th anniversary.

On Thursday, Keppel Corp : BN4 0%posted a net profit of S$3.6 billion for the six months ended Jun 30, far exceeding the S$498 million reported in the previous corresponding period.

The group said for every five Keppel Corp shares held, its shareholders would receive one Keppel Reit unit. They will also receive a total cash dividend of S$0.33 per share.