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
Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6437 / (65) 9842 6853
Email: frances.teh@kepcorp.com

Investor Relations

Ms Grace Chia
Head
Investor Relations
Keppel Capital
Tel: (65) 6803-1739
Email: grace.chia@kepcapital.com

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Disclaimer

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