Lower rental support hits Keppel Reit's Q4 distribution

Singapore

LOWER rental support made a dent in Keppel Reit's fourth-quarter distribution. For the period ended Dec 31, 2017, distribution per unit (DPU) fell to 1.43 Singapore cents, versus 1.48 Singapore cents a year ago. This will be paid on Feb 28; it also brings total DPU for FY17 to 5.7 Singapore cents.

For the full year, besides lower rental support, lower one-off income received and the absence of other gains distribution, coupled with the divestment of 77 King Street in Sydney in January 2016, also affected distributions.