Keppel DC REIT's DPU Jumps 13% in H1; Shares Up 3%
MT Newswires07-25
Keppel DC REIT's distribution per unit or DPU was up 13% during the first half of the year to SG$0.0513 from SG$0.0455 a year earlier, according to a Friday filing with the Singapore Exchange.
Distributable income zoomed 57% to SG$127.1 million from SG$80.9 million a year earlier.
Net property income rose 38% to SG$182.8 million compared with SG$132.6 million in the comparable period.
Gross revenue was up 34% year over year to SG$211.3 million from SG$157.2 million, driven by contributions from data center acquisitions and contract renewals.
Portfolio occupancy stood at 95.8% as at June 30.
Keppel DC Reit jumps 3.02 % at 10:51 am, July 28th.
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