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Keppel Reit posts 13.7% drop in Q1 DPU

Distribution to unitholders falls 11.6% in absence of divestment gains, income from 77 King St and on lower contribution from Bugis Junction Towers

Thu, Apr 20, 2017 - 5:50 AM

Lynette Khoo

Singapore

OFFICE landlord Keppel Reit posted a 13.7 per cent drop in distribution per unit (DPU) to 1.45 Singapore cents for the first quarter ended March 31, down from 1.68 cents a year ago.

Distribution to unitholders was 11.6 per cent lower at S$48.1 million amid an absence of...

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