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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