Keppel Corporation Ltd.

10/17/2018 | Press release | Distributed by Public on 10/17/2018 04:06

Unaudited Results of Keppel-KBS US REIT for the Financial Period since Listing on 9 November 2017 to 30 September 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 30 September 2018.

Keppel-KBS US REIT delivers DPU of 1.50 US cents for 3Q 2018, in line with IPO forecast

Results Highlights

  • Stable performance for the third quarter of 2018 (3Q 2018) driven primarily by strong leasing, positive rental reversion and lower property expenses
  • Achieved distribution per Unit of 1.50 US cents for 3Q 2018, bringing DPU from Listing Date to
    30 September 2018 to 5.32 US cents and an annualised distribution yield of 7.54%
  • Stable portfolio committed occupancy rate of 90.1% as at 30 September 2018
  • Deepening Seattle footprint with maiden accretive acquisition of the Westpark Portfolio in the supply-constrained Eastside suburban office market of Redmond

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: [email protected]
Investor Relations

Ms Grace Chia
Head
Investor Relations
Keppel Capital
Tel: (65) 6803 1739
Email: [email protected]