Newsroom

17-April-2018
Unaudited Results of Keppel-KBS US REIT for the Financial Period since Listing on 9 November 2017 to 31 March 2018

 

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$0.88.
  • 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