However, income available for distribution to unitholders was 0.2% higher than forecast to US$9.47 million due mainly to lower property expenses and the one-off compensation income from the early lease termination that was recognised in 1Q18.
SINGAPORE (Oct 17) The manager of Keppel-KBS US REIT has declared a 3Q18 DPU of 1.50 US cents. This is 0.7% higher than the forecast 1.49 US cents, driven by strong leasing, positive rental reversion and lower property expenses.
Gross revenue for 3Q18 was 2.0% lower than forecast at US$22.7 million ($31.2 million) than the forecast period, due mainly to an early lease termination at Westmoor Center in Denver, Colorado, in 1Q18, as well as lower recoveries income arising from lower property expenses.
