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Keppel DC REIT reports 13.2% growth in 1Q DPU to 1.89 cents

PC Lee
PC Lee4/17/2017 06:09 PM GMT+08  • 2 min read
Keppel DC REIT reports 13.2% growth in 1Q DPU to 1.89 cents
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.
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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.

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