Keppel REIT’s distributable income from operations improved 4.6% y-o-y to $47.6 million in the third quarter ended Sept 30.

This was due mainly to the commencement of income contribution from 311 Spencer Street in Melbourne, which achieved practical completion on July 9.

Lower interest expenses also helped to increase Keppel REIT’s distribution income from operations, the REIT manager says in a key business and operational update on Oct 19.

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