Real Estate Daily Report

Keppel Reit's DPU up 0.7% to 1.4 Singapore cents for Q2

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KEPPEL Reit (real estate investment trust) declared a distribution per unit (DPU) of 1.40 Singapore cents for the second quarter ended June 30, a notch above its DPU of 1.39 Singapore cents from the same period a year ago. Read more at The Business Times.

The Reit has a portfolio committed occupancy of 98.6 per cent, and long portfolio weighted average lease expiry of 4.6 years.

In addition, Keppel Reit has allowed eligible tenants to utilise part of their security deposit to offset rental payments and defer a certain amount of rent under a prescribed repayment scheme. The manager said that it will continue to review the situation and provide further targeted support where required.

 

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