Keppel Reit's Q2 DPU up 0.7% at 1.4 Singapore cents

Singapore

KEPPEL Reit (Real Estate Investment Trust) declared a distribution per unit (DPU) of 1.40 Singapore cents for the second quarter ended June 30, a notch above its DPU of 1.39 Singapore cents from the same period a year ago.

Distributable income was up 0.4 per cent at S$47.5 million, including capital-gains distribution of S$5 million for Q2. This was despite net property income declining by 7.2 per cent to S$28.8 million from a year ago.