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Keppel DC REIT posts 34% increase in 4Q DPU to 1.75 cents

Samantha Chiew
Samantha Chiew1/22/2018 05:37 PM GMT+08  • 2 min read
Keppel DC REIT posts 34% increase in 4Q DPU to 1.75 cents
SINGAPORE (Jan 22): Keppel DC REIT Management, the manager of Keppel DC REIT, has declared 4Q17 DPU of 1.75 cents, 33.6% higher compared to 1.31 cents in 4Q16.
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SINGAPORE (Jan 22): Keppel DC REIT Management, the manager of Keppel DC REIT, has declared 4Q17 DPU of 1.75 cents, 33.6% higher compared to 1.31 cents in 4Q16.

4Q17 gross revenue came in at $36.8 million, 37.2% higher than from $26.8 million a year ago.

This was supported by a 34.1% y-o-y increase in its gross rental income to $34.9 million from $26.1 million last year, mainly contributed by the acquisitions of KDC DUB 2, Milan DC, Cardiff DC, and the 90.0% interest in KDC SGP 3, as well as higher variable income from KDC SGP 1 due to higher recurring revenue.

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