Lower one-off income hits Keppel Reit's Q2 DPU

Singapore

KEPPEL Reit's second-quarter distribution per unit (DPU) slipped 2.1 per cent to 1.39 Singapore cents, due mainly to lower one-off income from Ocean Financial Centre and lower revenue and net property income from Bugis Junction Towers.

The Reit had received lower one-off income due to the early surrender of leases and absence of rental support top-up payments for its one-third interest in Marina Bay Financial Centre Tower 3. The rental support had been fully drawn in the preceding quarter.