Keppel REIT posts 0.7% increase in 2Q DPU to 1.40 cents

SINGAPORE (July 20): The manager of Keppel REIT has declared a distribution per unit (DPU) of 1.40 cents for the 2Q20 ended June, 0.7% higher than the DPU of 1.39 cents declared in 2Q19.

This brings 1H20 DPU to 2.80 cents, 0.7% higher than 1H19’s 2.78 cents.

Distributable income for the quarter climbed 0.4% y-o-y to $47.5 million. Distributable income for 1H20 inched up 0.2% y-o-y to $94.8 million. The figures include capital gains distribution of $5.0 million and $10.0 million for 2Q20 and 1H20 respectively, compared to the gains of $3.0 million and $6.0 million a year ago.