KEPPEL DC Reit on Tuesday posted a third-quarter distribution per unit of 1.93 Singapore cents, up 4.3 per cent from 1.85 cents in the same period a year earlier.
Gross revenue fell 2.5 per cent to S$46.4 million due to the absence of rental top-up income recognised. Gross rental income rose 3.7 per cent but was partially offset by lower overseas contributions due to the depreciation of the Aussie dollar, euro, British pound and Malaysian ringgit against the Singdollar.Portfolio occupancy as at Sept 30 was 93.6 per cent. The Reit's portfolio weighted average lease expiry was 7.7 years.Net asset value per unit was S$1.09 as at Sept 30, up from S$1.
It said:"Notwithstanding increased competition in the data centre industry, Keppel DC Reit, with its established track record and enlarged portfolio of assets, is well-positioned to benefit from the growth of the data centre market." Keppel DC Reit declares distributions on a half-yearly basis. The next distribution will be for the period from Sept 25 to Dec 31. Semi-annual distributions will resume thereafter.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »