SINGAPORE (April 17): The manager of Keppel DC REIT reported DPU for 1Q17 rose 13.2% to 1.89 cents from 1.67 cents a year ago in 1Q16.
Keppel DC REIT Management said Keppel DC REIT’s distributable income increased 47.6% to $21.8 million in 1Q17 from $14.7 million in 1Q16.
The increase was contributed by the one-off capital distribution in relation to the Keppel DC Singapore 3 acquisition, income from the acquisitions announced last year, as well as lower property-related expenses and other expenses.
