Keppel Reit to begin unit buy-back

Singapore

KEPPEL Reit, which posted flat second quarter distribution per unit (DPU), plans to initiate unit buy-backs to enhance long-term total returns for unitholders of the trust, which its manager believes is undervalued.

In view of the planned buy-backs, the Distribution Reinvestment Plan (DRP) will be suspended, the manager of the trust announced on Monday evening in its results statement for the second quarter ended June 30.