SINGAPORE (Apr 22): The manager of Keppel REIT has reported distribution per unit (DPU) of 1.40 cents for 1QFY2020 ended March, some 0.7% higher than DPU of 1.39 cents a year ago. 

Distributable income for the quarter remained unchanged at $47.3 million. 

The group noted that despite the absence of rental support and lower income contribution following the divestment of Bugis Junction Towers in November 2019, distributable income remained stable year-on-year due primarily to the acquisition of T Tower in May 2019, as well as a combination of higher capital gains distribution and lower borrowing costs.

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