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Keppel Reit H1 DPU falls on higher property expenses, borrowing costs

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Raphael Lim
Jessie Lim

Raphael Lim &

Jessie Lim

Published Tue, Jul 25, 2023 · 07:05 PM
    • KR Ginza II is a Tokyo office building Keppel Reit acquired last November.
    • KR Ginza II is a Tokyo office building Keppel Reit acquired last November. PHOTO: KEPPEL REIT

    KEPPEL Reit’s distribution per unit (DPU) fell by 2.4 per cent to S$0.029 for the first half of the 2023 financial year ended Jun 30, down from S$0.0297 the year before, its manager said on Tuesday (Jul 25). 

    Distributable income from operations fell 10.5 per cent to S$99 million and was lower due mainly to higher property expenses and borrowing. 

    Property income rose 4.7 per cent to S$114.9 million due to higher rentals and portfolio occupancy, the manager said.

    Keppel ReitOfficesFinancial results

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