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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