Home Capital Results

Keppel REIT posts 11.9% decline in 4Q DPU to 1.48 cents

Zavier Ong
Zavier Ong1/24/2017 05:48 PM GMT+08  • 2 min read
Keppel REIT posts 11.9% decline in 4Q DPU to 1.48 cents
SINGAPORE (Jan 24): Keppel REIT has declared a distribution per unit (DPU) of 1.48 cents for the 4Q2016, down 11.9% from a year ago. For the full-year, the REIT reported a 6.3% decline in DPU to 6.37 cents.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 24): Keppel REIT has declared a distribution per unit (DPU) of 1.48 cents for the 4Q2016, down 11.9% from a year ago. For the full-year, the REIT reported a 6.3% decline in DPU to 6.37 cents.

Property income came in 6.5% lower at $40 million for the quarter. For the full-year, it was 5.3% lower at $161.3 million.

Net property income (NPI) fell 9.6% for the quarter to $31.4 million. On a full-year basis, NPI declined 6.6% to $128.4 million, mainly attributable to the absence of income contribution from 77 King Street which was divested in January 2016, and lower property income and net property income from Bugis Junction Towers. These were partially offset by higher property income and net property income from Ocean Financial Centre.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.