Keppel Reit H1 DPU up 1% on Keppel Bay Tower contribution

Keppel Reit reported a 1 per cent year-on-year increase in H1 2022 distribution per unit (DPU) to S$0.0297 from S$0.0294 previously.

The Reit manager announced a 4.6 per cent growth in H1 distribution to unitholders to S$110.5 million from S$105.7 million in a regulatory filing after market close on Tuesday (Jul 26).

Property income and net property income rose in tandem with distribution to unitholders and DPU. Property income in the period rose 3.7 per cent to S$109.8 million from S$105.8 million a year ago, while net property income was up 6 per cent to S$89.5 million, from S$84.4 million previously.