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Keppel DC Reit posts 2.5% growth in H1 DPU amid rising energy costs, currency fluctuations

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Jude Chan
Benjamin Cher

Jude Chan &

Benjamin Cher

Published Mon, Jul 25, 2022 · 06:32 PM
    • Keppel DC Reit has reported a 2.5 per cent growth in 1H 2022 DPU to S$0.054924 as revenue and earnings grew in tandem.
    • Keppel DC Reit has reported a 2.5 per cent growth in 1H 2022 DPU to S$0.054924 as revenue and earnings grew in tandem. PHOTO: KEPPEL DC REIT

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    DATA centre-focused Keppel Data Centre (DC) real estate investment trust (Reit) reported 2.5 per cent growth in its H1 2022 distribution per unit (DPU) to S$0.05049 from S$0.04924 a year prior.

    Distributable income rose 8.2 per cent to S$91.2 million, mainly due to contributions from the three accretive acquisitions – Guangdong Data Centre, London Data Centre and Eindhoven Campus – as well as investment in the NetCo bonds, asset enhancement initiatives at DC1 and the Dublin assets, and the completion of Intellicentre 3 East Data Centre.

    The Reit manager said contract renewals and client expansion also contributed to the growth.

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