Financial Highlights

Distributable Income
  Period of 9 November 2017 to 30 June 2018  
 (US$'000) Actual IPO Forecast1  +/- (%)
Gross Revenue 58,743 58,646 0.2
Property Expenses (22,621) (23,832) (5.1)
Net Property Income 36,122 34,814 3.8
Income available for distribution to Unitholders2 24,069 24,054 0.1
Available DPU for the period (US cents) 3.82 3.80 0.5
Annualised available for distribution yield3 (%)  6.77 6.74 3 bps

 

 

Balance Sheet Highlights
 (US$'000) As at
30 June 2018
Total Assets 875,489
Gross Borrowings 289,440
Total Liabilities 311,695
Unitholders' Funds 563,794
Net Asset Value per Unit (US$) 0.89

 

Financial Ratios
  As at
30 June 2018
Aggregate Leverage4 (%) 33.1
Interest Coverage Ratio (times) 5.7
Average Cost of Debt (% p.a.) 3.4

 

Notes:

(1) Forecast for 2Q 2018 was derived from one quarter of the 2018 forecast. There was no forecast figure for the period from Listing Date to 31 Dec 2017. Hence, forecast results for the period from Listing Date to 30 Jun 2018 comprise actual figures from Listing Date to 31 Dec 2017 and one half of the 2018 forecast. 

(2) The income available for distribution to Unitholders is based on 100% of the taxable income available for distribution to Unitholders. Distributions for Keppel-KBS US REIT are declared on a half-yearly basis. As such, no distribution has been declared for the financial period from the Listing Date to 1 March 2018. The first distribution for Keppel-KBS US REIT will be for the period from the Listing Date to 30 June 2018.
(3) Based on IPO and 2Q 2018 closing price per Unit of US$0.88.

(4) Calculated as the total borrowings and deferred payments (if any) as a percentage of the total assets.