Hedging pays off as Keppel DC Reit's Q3 distributable income beats forecast

Singapore

HAVING hedges in place paid off in the third quarter for data centre owner Keppel DC Reit, whose trust manager also got a jump in performance fees after completing the purchase of an Australian property in August.

Hedging gains helped to keep distributable income in Q3 slightly above projections after unforeseen foreign currency depreciations ate into net property income, the trust manager said in a Singapore Exchange filing on Thursday.