Keppel-KBS US Reit's Q1 DPU beats forecast

Singapore

KEPPEL-KBS US Reit on Tuesday declared a distribution per unit (DPU) of 1.5 US cents for the first quarter, 23 per cent higher than the forecasted 1.22 US cents.

This was on the back of contributions from two acquisitions, positive rental reversion and healthy leasing momentum. They resulted in a higher gross revenue of US$29.4 million, up 24.2 per cent from US$23.7 million a year ago.