Keppel REIT may be a good proxy to ride rebound in office market but not the best

SINGAPORE (Apr 19): Keppel REIT (KREIT) on Wednesday announced that its 1Q18 DPU dropped 2.1% to 1.42 cents from 1.45 cents in 1Q17, despite a 0.2% y-o-y increase in income available for distribution to $48.2 million.

Property income n 1Q18 declined 0.3% to $39.7 million mainly due to a 28.9% decrease in other income to $0.69 million.