Keppel Infrastructure Trust's 3Q24 distributable income was S$15m, down from S$40m in 2Q24 and S$51m in 1Q24. Keppel Infrastructure Trust 9M24 operational update Keppel Infrastructure Trust (KIT) provided an operational update for 9M24. 9M24 distributable income (DI) fell 60% year-on-year to S$106m. Excluding special distribution of S$131m in the previous year, the decline was smaller at 21.3%. Source: Company Data 3Q24 distributable income was S$15m, down from S$40m in 2Q24 and S$51m in 1Q24. This was mainly attributable to growth capex incurred by Ixom (S$20m), reduced contribution from Singapore waste and water assets (S$9m), and debt amortization for European Wind Farm (BKR2). The new acquisitions, German Solar Portfolio and Ventura, contributed S$11m in 9M24. KIT is divesting its entire 50% stake in Philippine Coastal Storage and Pipeline Corporation (PCSPC), to be completed in early 2025. KIT will receive cash of S$192m, subject to adjustments. It will book disposal gain of S$27.5m. Annual distributable income is expected to fall by S$6.2m, or 1.8%, after the divestment....