106 views
Photo from Freepik

Keppel REIT's distributable income dips 1.9% YoY to $160.6m in 9M24

It attributed the decline to higher borrowing costs.

Keppel REIT's distributable income dipped by 1.9% YoY to $160.6m in 9M 2024 despite higher net property income.

The distributable income includes the REIT's anniversary distribution.

In its financial statement, the REIT attributed the decline in its distributable income to higher borrowing costs.

Meanwhile, the REIT's net property income (NPI) increased by 10.8% YoY to $148.5m in 9M 2024.

The REIT attributed its improved NPI to higher occupancy at Ocean Financial Centre in Singapore and KR Ginza II in Tokyo, Japan and contributions from 2 Blue Street and newly acquired 255 George Street in Sydney, Australia.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy