These were partially offset by higher share of results of associates, lower amortisation expense and lower borrowing costs.
SINGAPORE (July 18): Keppel REIT Management, the manager of Keppel REIT has declared a DPU of 1.42 cents for 2Q17 ended June, an 11.8% decrease from the previous year when it reported a DPU of 1.61 cents.
Distribution to unitholders decreased 9.7% in 2Q17 to $47.4 million from $52.5 million the previous year. Net property income fell 1.7% to $31.9 million in 2Q17 from $32.5 million in 2Q16 due to lower property income and net property income from Bugis Junction Towers, lower share of results of joint ventures, lower rental support, lower interest income, higher trust expenses, as well as changes in fair value of derivatives.
