Keppel Reit's Q4 DPU shrinks amid rise in units

Singapore

OFFICE landlord Keppel Reit's third-quarter distribution per unit (DPU) eased to 1.4 Singapore cents from 1.6 Singapore cents in the same year-ago period.

This was partly due to an expansion in the number of units to 3.35 billion as at Sept 30, 2017 from 3.28 billion a year earlier.

Also contributing to the lower DPU for the third quarter ended Sept 30, 2017 were lower one-off compensation income received (for example, what tenants pay the real estate investment trust when they terminate their leases ahead of expiry) and the absence of other gains distribution (which are gains from the sale of…