Keppel Reit raises Q4 DPU by 2.9% on higher property income

Singapore

KEPPEL Reit's distribution per unit (DPU) was higher in the fourth quarter, while it saw gains in net property income (NPI) due in part to contributions from T Tower.

For the fourth quarter ended Dec 31, DPU rose 2.9 per cent to 1.4 Singapore cents, versus 1.36 cents a year earlier. This brings the total DPU for the full year to 5.58 cents, or up 0.4 per cent from the previous financial year.