Keppel DC Reit Q3 DPU up 16.8%

Singapore

KEPPEL DC Reit on Monday posted a 16.8 per cent rise in its Q3 distribution per unit (DPU) to 1.74 Singapore cents from 1.49 Singapore cents a year ago, as acquisitions and more rental income helped to lift earnings.

For the three months ended Sept 30, 2017, the mainboard-listed real estate investment trust's (Reit) adjusted DPU stood at 1.74 Singapore cents, up from 1.67 Singapore cents the previous year.

Keppel DC Reit Management Pte Ltd, the manager of Keppel DC Reit, said in a Singapore Exchange filing that the Reit declares distributions on a half-yearly basis. It has distributed 3.63 Singapore cents …