Keppel Reit's performance affected by difficult office market environment

Singapore

KEPPEL Reit, known for its premier office assets in Singapore's central business district, on Tuesday reported distributable income to unitholders of S$48.7 million for the fourth quarter of 2016, bringing its full-year distributable income to S$208.1 million.

That's down from a distributable income of S$54 million in the fourth quarter of 2015, and S$217.3 million in FY2015.

Its manager, Keppel Reit Management, acknowledged the difficult year the Singapore office market ha…