Keppel REIT announces its unaudited financial results for 1QFY2016 on 14th April 2016. Distributable income increased slightly by 0.8% despite the
divestment of 77 King Street in Sydney in January 2016.
DPU fell by 1.2% from 1.70 cents in 1QFY2015 to 1.68 cents in 1QFY2016.
|
1QFY2016
(S$’000) |
1QFY2015
(S$ ‘000) |
YoY(%) |
Property Income |
41,167 |
42,405 |
(3.0) |
Net Property Income |
32,910 |
34,587 |
(5.1) |
Distributable Amount |
54,438 |
54,009 |
0.8 |
Distribution Per Unit (“DPU”) (cents) |
1.68 |
1.70 |
( 1.2) |
Weighted Average Debt Maturity
Keppel REIT has completed 100% of refinancing requirements in 2016. The weighted average term to maturity to 3.6 years. There is
no refinancing requirements until the second half of 2017.
Weighted Average Lease Expiry
Keppel REIT achieved a
significant reduction of expiring leases to only a minimal 3% for the rest of 2016, with a 99% tenant retention ......