Keppel Reit Q3 distribution dips 6.1% to 1.85 cents a unit
Factors include higher borrowing costs, trust expenses; DPU translates to yield of 6.2%; fundamentals stay healthy, says Reit manager
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Singapore
KEPPEL Reit's distribution per unit (DPU) dipped 6.1 per cent from a year ago to 1.85 cents for the third quarter ended Sept 30, due to factors such as higher borrowing costs and trust expenses.
The DPU translated to an anuualised distribution yield of 6.2 per cent based on the units' closing price of S$1.19 on Sept 30.
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