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Keppel-KBS US REIT declares higher than forecast 1Q DPU of 2.32 US cents

Michelle Zhu
Michelle Zhu • 2 min read
Keppel-KBS US REIT declares higher than forecast 1Q DPU of 2.32 US cents
SINGAPORE (Apr 17): The manager of Keppel-KBS US REIT has announced a maiden 1Q distribution per unit (DPU) of 2.32 US cents for period of its listing date on Nov 9 2017 to end March this year, exceeding the IPO forecast of 2.31 US cents by 0.4%.
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SINGAPORE (Apr 17): The manager of Keppel-KBS US REIT has announced a maiden 1Q distribution per unit (DPU) of 2.32 US cents for period of its listing date on Nov 9 2017 to end March this year, exceeding the IPO forecast of 2.31 US cents by 0.4%.

This translates to an annualised available for distribution yield of 6.73%, based on the unit closing price of 88 US cents as at end March.

As Keppel‐KBS US REIT declares distributions on a half‐yearly basis, no distribution has been declared for the quarter under review.

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