Keppel REIT's Ocean Financial Centre, in which a stake was sold to Allianz Real Estate in 2018. (Photo: REITsWeek)

The manager of Keppel REIT, Keppel REIT Management Limited, has disposed of 10,500,000 units in the REIT.

The units were disposed of on 30 April, and represent approximately 0.31% of the total issued units in Keppel REIT.

On 22 April, Keppel REIT reported distributable income of SGD47.3 million for 1Q 2020, unchanged from the previous year.

Its distribution per unit (DPU) for the period was 1.40 cents, marginally higher than the 1.39 cents reported in 1Q 2019.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.