Keppel Reit's Q4 DPU rises to 1.68 Singapore cents

KEPPEL Reit has posted a distribution per unit (DPU) of 1.68 Singapore cents for the fourth quarter ended Dec 31, 2015, higher than 1.51 Singapore cents for Q4 FY2014.

Income available for distribution rose 17.8 per cent to S$54.03 million from S$45.85 million.

Net property income rose slightly to S$34.77 million from S$34.25 million.

The Reit manager said the improvement in distributable income was due mainly to higher property income from all assets in Singapore and Australia, as well as higher contributions from share of results of associates and share of results of joint ventures.