Keppel DC Reit posts 4.2% rise in Q2 DPU

KEPPEL DC Reit on Monday posted a 4.2 per cent increase in distribution per unit (DPU) to 1.74 Singapore cents for its second quarter ended June 30, 2017.

The distributable income to unitholders rose 36.5 per cent to S$20.1million.

The trust said: "The year-on-year increase in distributable income was contributed by income from the acquisitions announced last year, and a one-off capital distribution of S$1.7 million in Q1 2017 in relation to the Keppel DC Singapore 3 (KDC SGP 3) acquisition."

The distributable income would also include an amount of capital expenditure that had been set aside for KDC SGP 3.

Gross revenue rose 38.8 per cent to S$34.5 million, mainly contributed by the acquisitions of Milan DC, Cardiff DC and the 90 per cent interest in KDC SGP 3, while net property income rose 41.9 per cent to S$31.4 million.

The book closure date is July 25 and unitholders can expect to receive their distribution on Aug 31.