Keppel REIT posts 3.6% fall in 2Q DPU

Keppel REIT has posted distribution per unit of 1.90 cents for the second quarter ended June (2Q 2014), down 3.6% from 1.97 cents in Q2 2013.

Income available for distribution rose 0.7% to $53.2 million in 2Q 2014 from $52.8 million in 2Q 2013 2013.

Net property income rose 21.5% to $39.2 million in 2Q 2014. Gross rent rose 13.7% to $45.9 million. Car park income and other income increased to $822,000 and $599,000 respectively.

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