Keppel REIT's Nine-Month Distributable Income Down 2%

MT Newswires

2024/10/22

Keppel REIT's (SGX:K71U) distributable income from operations slipped 2.1% to SG$145.6 million in nine months ended September from SG$148.6 million a year earlier.

Net property income was up nearly 11% to SG$148.5 million from SG$134.0 million in the year-ago period, according to a Tuesday filing with the Singapore Exchange.

Property income was up 12.3% year over to SG$193.7 million from SG$172.6 million.

The occupancy rate stood at 97.6% as of June 30, the filing stated.

Price (SGD): S$0.94, Change: S$-0.0050, Percent Change: -0.53%

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