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Keppel DC Reit's DPU up by 33.6% to 1.75 cents for Q4 2017, fuelled by acquisitions
KEPPEL DC Reit has posted a fourth-quarter distribution per unit (DPU) of 1.75 Singapore cents, it announced on Monday.
This was an increase of 33.6 per cent on the 1.31 Singapore cents in the same period the previous year.
Distributable income rose by 37.1 per cent, to S$20.25 million.
This came on a net property income of S$32.65 million, or 30.9 per cent more than the year before, in the three months to Dec 31, 2017.
Gross revenue was higher by 37.2 per cent, at S$36.83 million.
Unit holders will get their DPU for the half-year - to the tune of 3.49 Singapore cents for each unit - on Feb 28. This includes a tax-exempt income distribution of 1.1 Singapore cents.
The real estate investment trust, which has a portfolio of 13 data centres in the Asia-Pacific and Europe, saw its gains come on the back of rental income from freshly acquired properties.
Acquisitions, as well as a one-off capital distribution in the first quarter, drove full-year distributable income up by 34.8 per cent, to S$82.32 million.
Net property income grew by 37.6 per cent, to S$125.1 million.
Gross revenue for the full year, meanwhile, was higher by 40.3 per cent, to S$139.1 million.
Keppel DC Reit closed down by S$0.01, or 0.68 per cent, to S$1.47, before the results were announced.