Singapore, 23 Jan 2018 – Keppel DC Reit has posted a fourth-quarter distribution per unit (DPU) of 1.75 Singapore cents.
This was an increase of 33.6% on the 1.31 Singapore cents in the same period the previous year.
Distributable income rose by 37.1%, to S$20.25 million.
This came on a net property income of S$32.65 million, or 30.9% more than the year before, in the three months to Dec 31, 2017.
Gross revenue was higher by 37.2%, at S$36.83 million.
Unit holders will get their DPU for the half-year – to the tune of 3.49 Singapore cents for each unit – on Feb 28. This includes a tax-exempt income distribution of 1.1 Singapore cents.
The real estate investment trust, which has a portfolio of 13 data centres in the Asia-Pacific and Europe, saw its gains come on the back of rental income from freshly acquired properties.
Acquisitions, as well as a one-off capital distribution in the first quarter, drove full-year distributable income up by 34.8%, to S$82.32 million.
Net property income grew by 37.6%, to S$125.1 million.
Gross revenue for the full year, meanwhile, was higher by 40.3%, to S$139.1 million.
Keppel DC Reit closed down by S$0.01, or 0.68%, to S$1.47.
