(April 18 11:57) Sbr.com.sg
Submitted By:
Danielle Isaac
Case Study:
No
It was saved by higher one-off income that was offset by lower incomes from properties.
Keppel REIT’s net property income (NPI) marginally rose by 0.3% YoY from $31.22m in Q1 2018 to $31.31m in Q1 2019, according to its financial statement. Distribution per unit (DPU) fell 2.16% from $1.42 to $1.39.
Property income rose 0.7% to $40.02m, saved by higher one-off income that was offset by lower incomes from Ocean Financial Centre and Bugis Junction Towers, after excluding attributable one-off income.
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