Trust’s distributable income nearly doubles, driving unit price increase

  • Keppel Infrastructure Trust’s units rose 9.1% after distributable income nearly doubled
  • Distributable income for the first nine months jumped 93.2% to S$266.07 million
  • Trust delivers high availability and strong operational performance
  • Insulated from higher energy prices and inflation
  • Special distribution of 2.33 Singapore cents per unit

Keppel Infrastructure Trust’s units experienced a significant rise in morning trade as its distributable income for the first nine months of the year nearly doubled. The trust reported a 93.2% increase in distributable income to S$266.07 million, driven by new acquisitions and growth across its portfolio. Keppel Infrastructure Trust has demonstrated high availability and strong operational performance, making it largely insulated from higher energy prices and inflation. Additionally, the trust declared a special distribution of 2.33 Singapore cents per unit, bringing its total distribution per unit for the first nine months of 2023 to 5.23 Singapore cents, an 82.5% increase compared to the previous year.

Factuality Level: 8
Factuality Justification: The article provides specific information about Keppel Infrastructure Trust’s distributable income, acquisitions, and growth across its portfolio. It includes quotes from the trust and mentions the special distribution and total distribution per unit. The information seems to be based on the trust’s statement and market data from FactSet. However, without access to the trust’s financial reports or independent verification, it is difficult to fully assess the accuracy of the information.
Noise Level: 3
Noise Justification: The article provides information on Keppel Infrastructure Trust’s distributable income and growth across its portfolio. It mentions the trust’s insulation from higher energy prices and inflation. The article also includes the special distribution declared by the trust. However, it lacks in-depth analysis, evidence, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Keppel Infrastructure Trust
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the financial performance and distributable income of Keppel Infrastructure Trust. There is no mention of any extreme event.
Public Companies: Keppel Infrastructure Trust (N/A)
Key People:

Reported publicly: www.marketwatch.com