KEPPEL Reit on Monday announced a record quarterly distributable
income of S$55.1 million, up 5.5 per cent year-on-year, for its first
quarter ended March 31, 2014.
This translated to a distribution per unit (DPU) of 1.97 Singapore cents for the quarter, unchanged from a year ago.
The Reit said this was due to improved performance from Ocean
Financial Centre and Prudential Tower, as well as the additional income
from 8 Exhibition Street in Melbourne which was acquired in August 2013.
Net property income rose 14.7 per cent to S$39.5 million, thanks to the better performance of its properties
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