The Directors of Keppel REIT Management Limited, as Manager of Keppel REIT, are pleased to announce the unaudited results of Keppel REIT for the half year ended 30 June 2022.
Keppel REIT achieves 4.6% year-on-year growth in its Distribution to Unitholders for 1H 2022
Key Highlights
- Distribution to Unitholders for the first half of 2022 (1H 2022) grew 4.6% year-on-year to $110.5 million.
- Distribution per Unit (DPU) for 1H 2022 increased 1.0% year-on-year to 2.97 cents.
- Aggregate leverage decreased to 37.9% with no outstanding borrowings maturing in 2H 2022.
- Borrowings on fixed rate increased to 73% and all-in interest rate for 1H 2022 was 1.93% per annum.
- Achieved 50% sustainability-focused funding ahead of original target of 2025.
- Maintained high portfolio committed occupancy at 95.5% and long portfolio weighted average lease expiry (WALE) of 6.0 years.
- Keppel Bay Tower is the first building in Asia to achieve the highest recognition of Platinum rating for WiredScore certification. It was also awarded the WELL Health-Safety Rating.
