SINGAPORE (Oct 16): Analysts have maintained their ‘buy’ calls on Keppel REIT (KREIT) after the latter’s 3Q and 9M results came in broadly in line with their expectations.

KREIT last night reported 3Q18 DPU of 1.36 cents, down 2.9% y-o-y. This also brings 9M18 DPU to 4.20 cents, down 1.6% y-o-y. 3Q18 net property income declined 10.9% y-o-y due to lower contributions from Ocean Financial Centre, 275 George Street and 8 Exhibition Street; partly mitigated by increased contributions from Bugis Junction Towers.

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