20 Apr 2020
Keppel Infrastructure Trust Unaudited Results for the First Quarter ended 31 March 2020
Keppel Infrastructure Trust
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 first quarter ended 31 March 2020.
Keppel Infrastructure Trust achieves a 5.6% YoY increase in distributable cash flow for 1Q 2020
Results Highlights
- Distributable cash flow (DCF) rose 5.6% year-on-year (YoY) to $51.1 million1 for the first quarter ended 31 March 2020 (1Q 2020), supported by Keppel Infrastructure Trust’s (KIT) highly defensive businesses and assets that provide essential products and services
- Distribution per Unit (DPU) for 1Q 2020 was 0.93 cents, translating to an annualised distribution yield of 8.8%2
- Advanced discussions with lenders for the refinancing of the Keppel Merlimau Cogen plant (KMC) loan
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 $0.425 as at 31 March 2020