Monday, 14 October 2013

Keppel REIT's Total Return before Tax for YTD Sep 2013 Grew 14.6% Year-on-Year


  • Total Return before Tax increased 14.6% year-on-year ("y-o-y") to $115.9 million
  • Net Property Income for YTD Sep 2013 increased 9.9% y-o-y to $100.9 million due mainly to improved performance from Ocean Financial Centre and the additional contribution from 8 Exhibition Street, a premium freehold Grade A office building in prime central business district ("CBD") of Melbourne, Australia
  • Share of Results of Associates for YTD Sep 2013 registered an improvement of 33.2% y-o-y to $46.4 million due to improved performance from Marina Bay Financial Centre Phase 1 and One Raffles Quay
  • Distributable Income for YTD Sep 2013 rose 6.1% y-o-y to $159.1 million
  • Overall committed portfolio occupancy increased from 99.1% to 99.4%


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