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Keppel DC REIT 2Q DPU up 4.2% to 1.74 cents

Jude Chan
Jude Chan7/17/2017 5:49 PM GMT+08  • 2 min read
Keppel DC REIT 2Q DPU up 4.2% to 1.74 cents
SINGAPORE (July 17): The manager of Keppel DC REIT posts a 4.2% increase in distribution per unit (DPU) of 1.74 cents for the second quarter ended June, from DPU of 1.67 cents a year ago.
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SINGAPORE (July 17): The manager of Keppel DC REIT posts a 4.2% increase in distribution per unit (DPU) of 1.74 cents for the second quarter ended June, from DPU of 1.67 cents a year ago.

Distributable income grew 36.5% to $20.1 million in 2Q, from $14.7 million a year ago. This brings distributable income for the first half of 2017 to $41.9 million, up 42.0% from $29.5 million in 1H2016.

The increase was contributed by income from the acquisitions announced last year, as well as a one-off capital distribution of $1.7 million in 1Q 2017 in relation to the acquisition of Keppel DC Singapore 3 (KDC SGP 3).

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