Net property income at $132.6 million is up 2.5% y-o-y from the $129.4 million recorded in the same period last year.
The manager of Keppel REIT has reported a distributable income of $165.4 million for 9MFY2022, up 3.4% y-o-y mainly driven by the acquisition of Keppel Bay Tower in May 2021.
The rise is also attributed to the adjustment of income tax expense for previous years, partly offset by the divestment of 275 George Street in Brisbane in July 2021 and lower contributions from 8 Chifley Square.
