The Directors of Keppel-KBS US REIT Management Pte. Ltd., as Manager of Keppel-KBS US REIT, are pleased to announce the unaudited results of Keppel-KBS US REIT for the financial period since listing on 9 November 2017 to 31 March 2018.
Keppel-KBS US REIT delivers DPU of 2.32 US cents for the period since Listing on 9 November 2017 to 31 March 2018, above the IPO forecast of 2.31 US cents
Results Highlights for the Financial Period since Listing on 9 November 2017 to 31 March 2018
- Stable portfolio performance and one-off compensation income resulted in net property income of US$22.3 million, outperforming IPO forecast by 5.2%.
- Distribution per Unit (DPU) was 2.32 US cents, 0.4% higher than forecast of 2.31 US cents.
- Annualised distribution yield of 6.73% based on Unit trading price of US$88.
- Proactive leasing efforts and engagement with tenants to reconfigure and rationalise spaces to meet various business needs.
- Portfolio committed occupancy rate of 89.8% as at 1Q 2018.
- Aggregate leverage of 33.6% provides headroom to grow the portfolio.
Attachments:
Download - Financial Highlights
Download - Unaudited Results
Download - Presentation Slides
For more information, please contact:
Media Relations
Ms Frances Teh | Investor Relations
Ms Grace Chia |
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Keppel Corporation Ltd. published this content on 17 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 April 2018 10:01:08 UTC