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Keppel REIT may be a good proxy to ride rebound in office market but not the best

Samantha Chiew
Samantha Chiew4/19/2018 11:45 AM GMT+08  • 4 min read
Keppel REIT may be a good proxy to ride rebound in office market but not the best
SINGAPORE (Apr 19): Keppel REIT (KREIT) on Wednesday announced that its 1Q18 DPU dropped 2.1% to 1.42 cents from 1.45 cents in 1Q17, despite a 0.2% y-o-y increase in income available for distribution to $48.2 million.
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SINGAPORE (Apr 19): Keppel REIT (KREIT) on Wednesday announced that its 1Q18 DPU dropped 2.1% to 1.42 cents from 1.45 cents in 1Q17, despite a 0.2% y-o-y increase in income available for distribution to $48.2 million.

Property income n 1Q18 declined 0.3% to $39.7 million mainly due to a 28.9% decrease in other income to $0.69 million.

Net property income (NPI) for 1Q18 came in at $31.2 million, 0.6% lower than $31.4 million in 1Q17.

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