Keppel Reit's Q3 DPU down to 1.4 Singapore cents

OFFICE landord Keppel Reit's third quarter distribution per unit eased to 1.4 Singapore cents from 1.6 Singapore cents in the same year-ago period, the group said in a Singapore Exchange filing on Tuesday evening.

That came as income available for distribution for Q3 ended Sept 30, 2017 fell 10.4 per cent to S$47.0 million from the year-ago period.

Revenue expanded 2.3 per cent to S$40.4 million. Net property income inched up 0.3 per cent to S$31.7 million from the previous year.

Keppel Reit units ended one Singapore cent higher at S$1.195 on Tuesday. The Q3 DPU drop came amid an increase in the number of units.

The trust's property portfolio includes Ocean Financial Centre, Bugis Junction Towers and stakes in One Raffles Quay and Marina Bay Financial Centre. It also owns properties in Australia.