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Keppel DC REIT reports 6.7% rise in 1Q DPU to 1.92 cents on new acquisitions

Stanislaus Jude Chan
Stanislaus Jude Chan4/15/2019 05:52 PM GMT+08  • 2 min read
Keppel DC REIT reports 6.7% rise in 1Q DPU to 1.92 cents on new acquisitions
SINGAPORE (Apr 15): The manager of Keppel DC REIT has announced distribution per unit (DPU) of 1.92 cents for the 1Q19 ended March, some 6.7% higher than DPU of 1.80 cents a year ago.
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SINGAPORE (Apr 15): The manager of Keppel DC REIT has announced distribution per unit (DPU) of 1.92 cents for the 1Q19 ended March, some 6.7% higher than DPU of 1.80 cents a year ago.

This implies a distribution yield of 5.1% for Keppel DC REIT, based on the closing price of $1.50 on the last trading day of 1Q19.

1Q19 distributable income jumped 29.9% to $27.1 million, from $20.9 million a year ago. This was mainly due to an enlarged asset base following the acquisitions of maincubes Data Centre in Germany and Keppel DC Singapore 5, which were completed in March and June 2018, respectively.

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