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Keppel REIT reports 20.8% higher distributable income of $159.9 mil for 9MFY21

Felicia Tan
Felicia Tan10/26/2021 7:32 AM GMT+08  • 3 min read
Keppel REIT reports 20.8% higher distributable income of $159.9 mil for 9MFY21
NPI attributable to unitholders increased by 42.6% y-o-y to $116.8 million.
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The manager of Keppel REIT reported distributable income from operations of $159.9 million for the 9MFY2021 ended September, 20.8% higher than distributable income of $132.4 million reported in the same period the year before.

The higher figure was mainly due to contributions from the Victoria Police Centre in Melbourne, Australia; Pinnacle Office Park in Sydney, Australia; and Keppel Bay Tower in Singapore. This was partly offset by the divestment of 275 George Street in Brisbane, Australia.

Property income for the nine-month period increased by 34.8% y-o-y to $162.2 million, while net property income (NPI) grew by 36.8% y-o-y to $129.4 million.

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