What a letdown ???? Both Keppel Reit and SPH disappoint in their dividend announcements. Keppel Reit just declared DPU of 1.36 cents for this quarter. This is lower than the DPU last quarter (1.42 cents) and also the same quarter a year ago (1.40 cents). Furthermore, I find it interesting that Keppel Reit spent ~ $6 Mln cash to purchase back 5.3 million issued units and then cancel them all in this quarter. As this company is a Reit, I cannot understand their rationale for doing so. I am thinking that it might be better for them to distribute that amount of cash to unitholders than to repurchase back their shares. I feel most of the Keppel Reit unitholders would have preferred the cash income. Anyway, it is water under the bridge now. If I have time, I would go back to read the resolution which they submitted share buyback ......