Keppel Reit's Q3 distribution up 4.6% at S$54.4 million

Singapore

HELPED mainly by the better performance of three properties - Ocean Financial Centre and Bugis Junction Towers in Singapore and 8 Chifley Square in Sydney - Keppel Reit posted a 4.6 per cent year-on-year rise in distribution income to S$54.4 million for the third quarter ended Sept 30.

But Q3 distribution per unit (DPU) dropped 8.1 per cent to 1.7 Singapore cents from 1.85 Singapore cents a year ago because of a bigger unit base. The Q3 DPU translated to an annualised distribution yield of 7.2 per cent, said Keppel Reit.