Keppel REIT's property income down 1.7% to $31.9m
Due to the absence of income from 77 King Street.
Keppel REIT's net property income for 2Q this year declined by 1.7%, mainly due to the lack of income from properties in 77 King Street, Sydney, which was sold in 2016.
According to the group, it achieved a distribution income (DI) of $47.4m this year, 9.7% lower than last year's $52.5m. Its distribution per unit was declared at 1.42 Singapore cents for the quarter.
The group was also hurt by the lower income contribution from Bugis Junction Towers and the absence of other gains distribution.
Here's more from Keppel REIT:
More From Singapore Business Review