Keppel DC Reit posts 13.7% drop in Q1 DPU

The Straits Times04-19

SINGAPORE - Keppel DC Reit posted a 13.7 per cent lower first-quarter distribution per unit (DPU) of 2.192 cents, compared with 2.541 cents in the year-ago period. Gross revenue was up 18.4 per cent ...

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After the deduction of related expenses and taxes, distributable income of about $11.2 million will be distributed equally over four quarters in financial year 2024.Net property income grew 11.2 per cent year on year to $71 million for the quarter, from $63.9 million.Distributable income declined 16.3 per cent year on year to $38.8 million, from $46.3 million.Units of Keppel DC Reit were trading up one cent, or 0.6 per cent, at $1.67 as at ","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001127.SGD":"United Singapore Growth Fund SGD","BK6523":"ESG概念","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","CFA.SI":"NikkoAM-STC Asia REIT","BK6505":"周期性消费品与消费者服务","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BN4.SI":"吉宝有限公司","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999001135.SGD":"United ASEAN Fund SGD","BK6111":"工业集团企业","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD"},"translate_title":"吉宝DC房地产投资信托基金Q1 DPU下跌13.7%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":1,"CFA.SI":1},"content_text":"SINGAPORE - Keppel DC Reit posted a 13.7 per cent lower first-quarter distribution per unit (DPU) of 2.192 cents, compared with 2.541 cents in the year-ago period. \nGross revenue was up 18.4 per cent to $83.4 million for the quarter, from $70.4 million in the first quarter of financial year 2023.\nThis was mainly due to a settlement sum received in relation to a dispute with DXC Technology Services, and positive reversions and escalations, said the manager on April 19.\n\n\n\nThe manager noted that the $13.3 million settlement sum from DXC has been received in full. After the deduction of related expenses and taxes, distributable income of about $11.2 million will be distributed equally over four quarters in financial year 2024.\nNet property income grew 11.2 per cent year on year to $71 million for the quarter, from $63.9 million.\nDistributable income declined 16.3 per cent year on year to $38.8 million, from $46.3 million.\n\n\n\n\n“Distributable income and DPU were also impacted by higher finance costs and less favourable foreign exchange hedges in 2024,” said the manager.\n\n\nUnits of Keppel DC Reit were trading up one cent, or 0.6 per cent, at $1.67 as at 9.36am on April 19. THE BUSINESS TIMES\n\n\n\n\n\nMore On This Topic\n\n \n\nKeppel Pacific Oak US Reit posts 8.8% fall in distributable income for Q1\n\n\n\n \n\nKeppel DC Reit to divest Sydney data centre for $152 million","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428127572"}