Keppel DC Reit posts 13.6% rise in H1 DPU

Singapore

KEPPEL DC Reit on Tuesday posted a distribution per unit (DPU) of 4.375 Singapore cents for the half-year ended June 30, up 13.6 per cent from 3.85 cents a year ago.

Distributable income rose 38 per cent to S$75 million, largely driven by the acquisitions of Keppel DC Singapore 4 (KDC SGP 4) and DC1 Singapore data centres in Q4 2019. Keppel DC Reit had raised S$478.2 million in September last year through a private placement and preferential offering to partially fund the acquisitions.

Net property income was 32.1 per cent higher at S$114.2 million, while gross revenue increased 29.8 per cent to S$124 millio…

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