Keppel REIT’s 2Q DPU declines 6.4% to 1.61 cents

SINGAPORE (July 19): Keppel REIT’s distribution per unit (DPU) fell 6.4% to 1.61 cents for 2Q ended 30 June 2016, compared to 1.72 cents in the same period last year.

This was mainly due to the absence of income contribution from its 77 King Street property in Sydney, which was divested in 1Q16.

DPU for the first half of 2016 amounted to 3.29 cents, which translates into an annualised yield of 6.3%.

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