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Keppel REIT posts 22% higher distributable income of $51.6 mil for 1Q2021

Felicia Tan
Felicia Tan4/21/2021 5:49 PM GMT+08  • 3 min read
Keppel REIT posts 22% higher distributable income of $51.6 mil for 1Q2021
Units in Keppel REIT closed flat at $1.21 on April 21.
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The manager of Keppel REIT has posted distributable income for the 1QFY2021 ended March of $51.6 million, 22% higher than distributable income of $42.3 million in the corresponding quarter the year before.

The figure includes the advanced distribution of $32.2 million or 0.94 cents per unit for the period from Jan 1 to Feb 28 that was paid to eligible unitholders on March 31 in connection with the private placement launched on Feb 18.

The manager, on Feb 18, launched a $270.0 million private placement that was around 4.6 times covered. Some 238.9 million new units were issued on March 1.

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