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Keppel Infrastructure Trust’s distributable income soars 42.4% YoY to $316.8m in FY23

With higher income, the company proposed a 62% YoY higher DPU.

Keppel Infrastructure Trust (KIT) achieved a 42.4% YoY growth in its distributable income to reach $316.8m in FY23.

In a bourse filing, KIT attributed the increase to the strong performance of its portfolio and the crystallisation of $131.2m in capital optimisation at Ixom, which was distributed to Unitholders as special distributions in November 2023.

In FY23, KIT’s portfolio delivered a 9% y-o-y growth in Asset Distributable Income to $304.5m with strong contributions from the Energy Transition and Environmental Services segments. 

The higher distributable income boosted KIT’s distribution per unit (DPU) by 62% YoY to $0.0619 in FY23.


 

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