Keppel DC Reit Q1 DPU up 6.7%

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Keppel DC Reit Q1 DPU up 6.7%.

KEPPEL DC Reit on Monday posted a distribution per unit of 1.92 Singapore cents for the first quarter ended March 31, up 6.7 per cent from 1.80 Singapore cents a year ago.

Gross revenue increased 26.4 per cent to S$48 million. Gross rental income came in at S$45.7 million, an increase of 23.8 per cent, due to the 2018 acquisitions. This was partially offset by lower non-cash adjustment for straight-lining of rental as well as lower overseas contributions arising from the depreciation of the Australian dollar and the euro against Singapore dollar.

 

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