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Keppel REIT's distributable income rose 4.3% y-o-y in 1QFY2022

Goola Warden
Goola Warden4/20/2022 5:44 PM GMT+08  • 2 min read
Keppel REIT's distributable income rose 4.3% y-o-y in 1QFY2022
Keppel Bay Tower, one of the properties that's part of Keppel REIT's portfolio / Keppel
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Keppel REIT has reported a distributable income from operations of $53.8 million, up 4.3% y-o-y for its 1QFY2022 ended March.

The growth was underpinned by the acquisition of Keppel Bay Tower in Singapore in May 2021, but partially offset by the impact from the divestment of 275 George Street in Brisbane in July 2021.

Keppel REIT’s committed leases of approximately 475,000 sf (attributable area of approximately 222,500 sf) in 1Q2022, including new leases and expansions mainly from the real estate and property services sector and manufacturing and distribution sector.

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