Data from Keppel REIT’s latest disclosure have been updated into the Singapore REITs table.
Keppel REIT has achieved distributable income from operations of SGD51.6 million for 1Q 2021, a 22.0% increase year-on-year.
The REIT has attributed the rise mainly to contributions from Victoria Police Centre in Melbourne and Pinnacle Office Park in Sydney.
Also contributing to the rise was higher one-off income as well as lower borrowing costs, although this was partially offset by the impact of slightly lower portfolio occupancy.
Keppel REIT’s aggregate leverage was 35.2% and an all-in interest rate was lower year-on-year at 2.01% per annum.
Keppel REIT was last done on the Singapore Exchange at SGD1.21, which implies a distribution yield of 4.74% according to data compiled on the Singapore REITs table.