As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Monday, 15 April 2013

Keppel REIT's Net Property Income Increased 20.7% Year-on-year

  • Net Property Income ("NPI") increased 20.7% year-on-year ("y-o-y") to $34.4 million primarily due to improved performance from Ocean Financial Centre ("OFC") and 77 King Street.
  • Property Income registered an improvement of 13.2% y-o-y to $41.4 million.
  • Share of Results of Associates increased 26.4% y-o-y to $14.2 million due to higher contribution from Marina Bay Financial Centre Phase 1 ("MBFC Phase1").
  • Distributable income for 1Q 2013 was $52.2 million, an increase 7.6% y-o-y.
  • Annualised 1Q 2013 Distribution Per Unit ("DPU") rose by 4.6% y-o-y to 7.99 cents.
  • All refinancing for 2013 is completed, and weighted average term to expiry has been extended from
    3.1 years to 3.2 years.
  • Completed the acquisition of the new office building to be built on the Old Treasury Building site
    in Perth, Western Australia.
  • Overall committed portfolio occupancy increased to approximately 99%.
  • Four out of seven completed properties are 100% occupied.

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