The REIT's property income grew by 4.7% y-o-y to $114.9 million on higher rentals and portfolio occupancy.
Keppel REIT has reported a distribution per unit (DPU) of 2.90 cents for the 1HFY2023 ended June, 2.4% lower y-o-y. The six-month period's DPU translates to an annualised distribution yield of 6.4% based on market closing price of 90 cents as at June 30.
Meanwhile, its distribution to unitholders was 1.4% lower y-o-y at $109 million, because of higher property expenses and borrowing costs. This was partially offset by the anniversary distribution of $10 million.
