Keppel REIT distribution income up 4.6% to $47.6m in Q3

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No This was thanks to income from recently-acquired 311 Spencer Street. Keppel REIT has announced of distribution income of $47.6m for the third quarter, a 4.6% increase from a year ago mainly due to income from its Melbourne property 311 Spencer Street as well as lower interest expenses, according to a bourse filing. For the first nine months of the year, distributable income came at $142.4m, notwithstanding the absence of income from Bugis Junction Towers, which was divested in November 2019, as well as the impact of COVID-19 relief measures. read more