Keppel DC REIT has reported distributable income of $84.3 million for the 1HFY2021, up 12.4% y-o-y from $75 million.

Excluding an amount of capital expenditure set aside for certain properties, the REIT’s manager has declared a distribution amount of $80.4 million for the period. This translates to a distribution per unit (DPU) of 4.924 cents, 12.5% higher than the 1HFY2020’s 4.375 cents.

According to the REIT’s manager, the growth in distributable income was due mainly to contributions from the accretive acquisitions of Amsterdam Data Centre and Kelsterbach Data Centre in Frankfurt, as well as the completion of the asset enhancement initiative works at Keppel DC Singapore 5 and Keppel DC Dublin 1 in the 2H2020, and Keppel DC Dublin 2 and DC 1 in the 1Q2021. 

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