Keppel REIT Reports Group Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Keppel REIT reported group earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported property income of $47.492 million, net property income of $37.350 million, distributable income to unit holders of $54.920 million or 1.97 cents per unit compared to the property income of $40.797 million, net property income of $32.799 million, distributable income to unit holders of $51.859 million or 1.97 cents per unit for the same quarter year ago. Net income was $46.660 million compared to the $29.983 million for the same quarter year ago. Total return before tax was $435.801 million compared to the $246.784 million for the same quarter year ago. Total return after tax was $428.339 million compared to the $243.285 million for the same quarter year ago.
For the year, the company reported property income of $174.0 million, net property income of $138.3 million, distributable income to unit holders of $214.0 million or 7.88 cents per unit compared to the property income of $156.9 million, net property income of $124.7 million, distributable income to unit holders of $201.9 million or 7.77 cents per unit for the previous year.