Keppel Land Ltd : Keppel REIT Unaudited Results for the Fourth Quarter 2013 and Financial Year 2013

The Directors of Keppel REIT Management Limited, as manager of Keppel REIT, are pleased to announce the unaudited results of Keppel REIT for the fourth quarter and financial year 2013.

Keppel REIT achieves its highest full-year distributable income of $214 million for FY2013

• Both Property Income and Net Property Income for FY2013 increased 10.9% year-on-year ("y-o-y") to $174.0 million and $138.3 million respectively.
• Share of Results of Associates for FY2013 increased 32.6% y-o-y to $62.1 million
• Distributable Income for FY2013 increased 6.0% y-o-y to $214 million.
• Distribution Per Unit ("DPU") of 1.97 cents for 4Q 2013 and a total DPU of 7.88 cents for FY2013.
• Completed refinancing of all loans due in 2014 and $60 million due in 2015 with no refinancing requirements for the next 22 months.
• All five Singapore properties achieved 100% occupancy and overall committed portfolio occupancy increased 1.3% y-o-y to 99.8%.
• Ocean Colours at Ocean Financial Centre is operational and fully leased, and the underground pedestrian network ("UPN") now links Ocean Financial Centre directly to the Raffles Place Interchange MRT Station, as well as Keppel REIT's properties in Marina Bay.

Attachments:

Download - Financial Highlights
Download - Unaudited Results
Download - Powerpoint Slides

For more information, please contact:

Media relations Ms Eileen Tan Senior Executive Group Corporate Communications Keppel Corporation Limited Tel: [phone] Email: [e-mail]

Investor relations Mr Ronald Tan Assistant Vice President Investor Relations & Research Keppel REIT Management Limited Tel: [phone] Email: [e-mail]