Keppel DC REIT's DPU Down 10% in H1

MT Newswires07-26

Keppel DC REIT's (SGX:AJBU) distribution per unit or DPU was down nearly 10% year over year to SG$0.04549 from SG$0.05051 in the year-ago period, according to a filing with the Singapore Exchange on Friday.

Net property income was up over 4.2% year over year to SG$132.6 million from SG$127.4 million in the comparable period.

Attributable profit to unitholders rose 40% year over year to SG$112.7 million from SG$80.4 million.

The REIT booked a nearly 12% year-over-year growth in its revenue to SG$157.2 million from SG$140.5 million in the year-ago period. The company attributed this to higher variable rent arising from a settlement sum.

Price (SGD): S$1.90, Change: S$-0.01, Percent Change: -0.52%

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