The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to announce the unaudited results of Keppel REIT for the first quarter ended 31 March 2020.
Keppel REIT delivers distributable income of $47.3 million for 1Q 2020
Key Highlights
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Distributable income for the first quarter of 2020 (1Q 2020) was $47.3 million, including capital gains distribution of $5.0 million. 1Q 2020 distribution per Unit (DPU) was 1.40 cents.
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Aggregate leverage was 36.2% and all-in interest rate was 2.58% per annum.
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Refinanced majority of loans due in 2020 and received commitments for the remainder.
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High portfolio committed occupancy of 98.9% and long portfolio weighted average lease expiry (WALE) of 4.7 years.
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Announced measures to support tenants during the COVID-19 outbreak and safeguard long-term interests of all stakeholders.