Monday, 15 July 2013

Keppel REIT delivers 6.1% Distribution Yield for 1H 2013


  • Distributable Income for 1H 2013 rose by 6.8% year-on-year ("y-o-y") to $105.1 million, surpassing $104 million for two consecutive half-year distributions
  • Distribution Per Unit ("DPU") for 1H 2013 increased by 2.6% y-o-y to 3.94 cents
  • Annualised DPU for 1H 2013 rose by 3.0% y-o-y to 7.95 cents
  • Net Property Income ("NPI") for 1H 2013 increased 11.5% y-o-y to $66.7 million due mainly to improved performance from Ocean Financial Centre ("OFC") and 77 King Street
  • Property Income for 1H 2013 registered an improvement of 8.9% y-o-y to $82.6 million
  • Share of Results of Associates for 1H 2013 increased 37.5% y-o-y to $30.4 million and increased 48.9%  y-o-y to $16.2 million for 2Q 2013 due to higher contribution from Marina Bay Financial Centre Phase 1 ("MBFC Phase 1") and One Raffles Quay ("ORQ")
  • Overall committed portfolio occupancy increased from 98.8% to 99.1%

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