Latest Newsroom

14-October-2019
Keppel Infrastructure Trust Unaudited Results for the Third Quarter and Nine Months Ended 30 September 2019

The Directors of Keppel Infrastructure Fund Management Pte. Ltd., as Trustee-Manager of Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the third quarter and nine months ended 30 September 2019.


Keppel Infrastructure Trust achieves a 40.0% YoY increase in distributable cash flow for 9M 2019

Results Highlights

• Distributable cash flow (DCF) for the third quarter of 2019 (3Q 2019) was $55.7 million1, bringing DCF for the nine months ended 30 September 2019 (9M 2019) to $149.9 million1, a 61.0% and 40.0% year-on-year (YoY) increase over the corresponding periods in 2018 respectively
• Distribution per Unit (DPU) was 0.93 cents for 3Q 2019, bringing 9M 2019 DPU to 2.79 cents, translating to an annualised distribution yield of 7.0%2
• Announced the proposed divestment of Keppel Infrastructure Trust's (KIT) 51% stake in DataCentre One, allowing KIT to realise the remaining lease value upfront, with proceeds expected to be redeployed to strengthen the Trust

 

 


 

 

1 Excludes Basslink as KIT does not depend on Basslink's cash flows for distribution
2 Based on the market closing price per Unit of $0.530 as at 30 September 2019
3 Comprises mainly Trust expenses and distribution paid/payable to perpetual securities holders, higher during the quarter due to management fee and financing cost



Attachments:

Download - Financial Highlights
Download - Unaudited Results
Download - Financial Results Presentation





For more information, please contact:

Media
Ms Ariel Tee
Executive
Group Corporate Communications                             
Keppel Corporation
Tel: (65) 6413 6424
Email: ariel.tee@kepcorp.com 
Investor Relations
Mr Bryan Sim
Deputy Manager
Investor Relations
Keppel Capital
Tel: (65) 6803 1851
Email: bryan.sim@kepcapital.com  

Keep up to date

Subscribe to our newsletter and receive regular updates by email.

Subscribe Now
Information sent to the email address above will be dealt with as described in our Data Protection Statement