Net property income was marginally higher at $31.3 million from $31.2 million a year ago.
SINGAPORE (Apr 22): The manager of Keppel REIT (KREIT) on Apr 17 announced that its 1Q19 DPU was 2.1% lower y-o-y at 1.39 cents, as distributable income dropped 1.9% y-o-y to $47.3 million.
This decline was mainly due to the impact of occupancy changes, a weaker Australian dollar, and lower income contribution from Ocean Financial Centre following the divestment of a 20% stake in December 2018.
