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 30 June 2018.

Keppel-KBS US REIT declares DPU of 3.82 US cents for the period since Listing Date to 30 June 2018, exceeding IPO forecast of 3.80 US cents

Results Highlights

• Higher net property income supported by overall rental growth, lower property expenses, and a one-off compensation income
• Distribution per Unit (DPU) of 3.82 US cents above IPO forecast of 3.80 US cents, translating to an annualised distribution yield of 6.77%
• Proactive leasing efforts with 32 new leases signed in 2Q 2018 with reputable tenants, improving committed portfolio occupancy rate to 90.3% as at 30 June 2018
• Actively pursuing accretive acquisitions in key growth markets to expand portfolio and capture upsides in the market

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 Emmulin Wee
Manager
Investor Relations
Keppel Capital
Tel: (65) 6803 1818
Email: emmulin.wee@kepcapital.com

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Keppel Corporation Ltd. published this content on 17 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 July 2018 10:01:07 UTC