In FY2023, KIT achieved record EBITDA for City Energy, Ixom and Philippine Coastal. During FY2023, KIT announced the acquisition of a 45% interest in a residential solar portfolio in Germany; and completed the acquisition of Fäbodliden II, a 17MW Swedish onshore wind farm, in December 2023.
FY2023 was a year of superlatives for Keppel Infrastructure Trust (SGX:A7RU
) (KIT). The infrastructure trust delivered a record performance. Distributable Income increased 42.4% y-o-y to $316.8 million for FY2023, and 2HFY2023 distributable income rose by 36% to $183.87 million.
Distributions include the $131.2 million in capital optimisation at Ixom which was distributed to unitholders in November 2023. Distributions per unit (DPU) in FY2023, including a special DPU of 2.33 cents surged 61% to 6.19 cents. Excluding the special DPU, DPU would still have been higher but by a modest 1% y-o-y to 3.86 cents.
