Keppel Reit declares near flat Q1 DPU of 1.4 Singapore cents

Singapore

KEPPEL Reit (real estate investment trust) has declared a distribution per unit (DPU) of 1.4 Singapore cents for the first quarter ended March 31, up a marginal 0.7 per cent from 1.39 Singapore cents in the year-ago period, the Reit's manager announced on Wednesday after market close.

Distributable income for the quarter was steady at S$47.3 million, including capital gains distribution of S$5 million. This was despite net property income falling 3.7 per cent to S$30.2 million, from S$31.3 million in the year-ago period.