Keppel Infrastructure Trust posts 3.2% rise in H2 DPU to S$0.0192; unveils new growth strategy post review

THE trustee-manager of Keppel Infrastructure Trust A7RU : A7RU 0% (KIT) on Wednesday (Jan 26) reported a distribution per unit (DPU) of S$0.0192 for the second half of fiscal year 2021 ended December, up 3.2 per cent from a DPU of S$0.0186 for the corresponding period in FY2020.

With this, KIT's DPU for FY2021 stands at S$0.0378, up 1.6 per cent from FY2020's DPU of S$0.0372.

FY2021's DPU marks the first time there has been an increase from the trust's historical annual payout of S$0.0372 since FY2016. KIT's trustee-manager attributed this to "strong and stable" performance at Australian chemicals group Ixom since its acquisition in 2019, as well as a resilient cashflow contribution by the trust's portfolio over the last 2 years.