Keppel-KBS US REIT declares 2Q DPU of 1.50 US cents, exceeding IPO forecast

SINGAPORE (July 17): Keppel-KBS US REIT announced 2Q18 ended June DPU came in at 1.50 US cents (2.04 cents), 0.7% higher than its initial public offering (IPO) forecast of 1.49 US cents.

Gross revenue for 2Q18 was US$22.6 million ($30.8 million), 2.1% lower than the forecast of US$23.1 million.

With property expenses 7.2% lower than forecast at US$8.85 million, net property income (NPI) for 2Q18 was 1.5% higher than forecasted at US$13.8 million.

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