Keppel-KBS US REIT – Great Hills Plaza, Austin, Texas (Photo: Keppel-KBS US REIT)

Keppel-KBS US REIT has achieved a distribution per unit (DPU) of 1.50 US cents for its 1Q 2019, missing forecast made during its initial public offering (IPO) by 5.1%.

On a year-on-year basis, the REIT’s DPU for the period is unchanged from what was reported in 1Q 2018.

However, when assuming the same enlarged unit base for all periods, Keppel-KBS US REIT’s 1Q 2019 DPU would have been 30.4% above the 1Q 2018 adjusted DPU of 1.15 US cents, and 23.0% above the IPO forecast adjusted DPU of 1.22 US cents.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.