Keppel REIT NPI dropped 7.2% to $28.81m in Q2

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No The REIT’s distribution per unit (DPU) inched up 0.7% to $0.14. Keppel REIT’s net property income (NPI) fell 7.2% YoY to $28.81m in Q2 from $31.06m Q2 2019, an announcement revealed. NPI attributable to unit holders dropped 8% to $24.72m from $26.86m a year ago. Meanwhile its distribution per unit (DPU) inched up 0.7% YoY to $0.14 in Q2 from $0.139 in Q2 2019. This translated to an annualised distribution yield of 5.1% based on the market closing price of $1.10 per unit as at 30 June. read more