Keppel DC Reit posts 3.7% rise in Q1 DPU

Singapore

KEPPEL DC Reit posted a 3.7 per cent year-on-year increase in distribution per unit (DPU) to 1.67 Singapore cents for the first quarter ended March 31, buoyed by net tax and other adjustments.

This surpasses its forecast by 1.2 per cent and translates to an annualised distribution yield of 6.34 per cent based on the market closing price per unit as at March 31.