Keppel DC Reit H1 2023 DPU inches up 0.04% to S$0.05051

KEPPEL Data Centre (DC) Reit posted a 0.04 per cent increase in distribution per unit (DPU) to S$0.05051 for the first half of the 2023 financial year ended Jun 30. The figure was S$0.05049 in the corresponding period a year ago.

Distributable income rose 0.2 per cent to S$91.3 million, while net property income increased 3.3 per cent to S$127.4 million over the same time period. Gross revenue rose 3.6 per cent to S$140.5 million, the Reit’s manager announced in a bourse filing on Monday (Jul 24).

The acquisitions of two data centres in Guangdong, China, reversions from contract renewals and escalations, as well as tax savings from its investment into M1 network bonds (which have received approval to come under the qualifying debt securities scheme), contributed to the higher income.