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Keppel REIT 1Q DPU falls 13.7% to 1.45 cents

Jude Chan
Jude Chan4/19/2017 06:04 PM GMT+08  • 2 min read
Keppel REIT 1Q DPU falls 13.7% to 1.45 cents
SINGAPORE (April 19): The manager of Keppel REIT on Wednesday announced a 13.7% drop in DPU to 1.45 cents for the first quarter ended March 31, from 1.68 cents a year ago.
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SINGAPORE (April 19): The manager of Keppel REIT on Wednesday announced a 13.7% drop in DPU to 1.45 cents for the first quarter ended March 31, from 1.68 cents a year ago.

Distributable income fell 11.6% to $48.1 million in 1Q, from $54.4 million a year ago.

This was mainly due to absence of income from the divested 77 King Street in Sydney in January 2016, lower income contribution from Bugis Junction Towers, as well as absence of other gains distribution.

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