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Analysts bullish on more acquisitions to boost Keppel DC REIT after 3Q results in line with expectations

Stanislaus Jude Chan
Stanislaus Jude Chan10/17/2019 04:55 PM GMT+08  • 3 min read
Analysts bullish on more acquisitions to boost Keppel DC REIT after 3Q results in line with expectations
SINGAPORE (Oct 17): Analysts believe that Keppel DC REIT could turn to more new acquisition to seek growth, after the data centre trust posted 3Q19 results that were in line with expectations.
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SINGAPORE (Oct 17): Analysts believe that Keppel DC REIT could turn to more new acquisition to seek growth, after the data centre trust posted 3Q19 results that were in line with expectations.

For the latest quarter ended September 2019, KDCREIT reported a 4.3% rise in distribution per unit (DPU) to 1.93 cents, on the back of a 5.4% growth in distributable income to $27.4 million.

The higher DPU came despite a 1.8% dip in net property income to $42.3 million, as 3Q19 gross revenue slipped 2.5% to $46.4 million.

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