Keppel REIT attributes the higher distribution in FY2021 to accretive acquisitions namely the Victoria Police Centre in Melbourne and Pinnacle Office Park in Sydney in 2020, and Keppel Bay Tower in Singapore in May 2021.
Keppel REIT has reported a distribution per unit of 2.88 cents for 2HFY2021, down 1.7% y-o-y. Full year DPU, meanwhile, was up 1.6% y-o-y to 5.82 cents.
Net property income attributable to unitholders for the six months ended Dec 2021 was $79.9 million, up 17.5% y-o-y. Property income for the same period was $110.8 million, up 16.9% y-o-y.
