Shares & Derivatives
Keppel REIT DPU Fall for 1QFY2016
By My Sweet Retirement  •  April 16, 2016
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 ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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