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

DATA centre-focused Keppel Data Centre (DC) real estate investment trust : AJBU 0% (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.