Keppel-KBS US Reit posts Q2 DPU of 1.5 US¢

Singapore

AN enlarged number of units from a rights issue, which outweighed contributions from two more recently acquired properties, led Keppel-KBS US Reit (KORE) to post a distribution per unit (DPU) in its second quarter ended June 30 of 1.5 US cents, lower than its forecast of 1.58 US cents for the period.

Restated for the Nov 26 rights issue, its forecast DPU for that quarter would have been 1.47 US cents. Its actual Q2 2018 DPU was also 1.5 US cents.