Distributable income for the 1QFY2024 fell by 29.1% y-o-y to $50.9 million with declines mainly from the REIT’s distributable & storage segment.
Assuming that 100% of the distributable income generated will go to KIT and its minority shareholders, distribution per unit (DPU) for the 1QFY2024, however, would have been above 16% for transactions conducted in the 1QFY2024.
Net gearing as at March 31 stood at 41.1% while the REIT’s interest coverage ratio stood at 13.8 times.
As at March 31, KIT has assets under management (AUM) of $8.1 billion.
See also: Keppel Pacific Oak US REIT’s 1QFY2025 distributable income falls by 19.3% y-o-y to US$9.6 mil
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As at 9.13am, units in KIT are trading flat at 47 cents.
