
Here's a breakdown of Keppel REIT's amazing portfolio occupancy
The occupancy increased from 97% to 98.2%.
According to CIMB, 3Q12 distributable profit was up 93.6% due mainly to acquisitions. Qoq, DPU was up a marginal 1% on improved NPI and tax-transparency from MBFC Phase 1. Results provided a positive read-through of a stable office market:
Here's more from CIMB:
Take-ups remain positive, lifting portfolio occupancy to 98.2% from 97.0%, mainly from OFC (95.0% from 92.3%), Prudential Tower (100% from 99.5%) and 77 King Street (97.4% from 92.7%). Signing rents remained fairly stable at S$8-9psf at Prudential Tower andS$12-13psf at Ocean Financial Tower, with no additional incentives offered.
Leasing interest for the latter came from a mix of fund management and new-to-market legal firms.