21 July 2020
Unaudited Results of Keppel DC REIT for the First Half Ended 30 June 2020
The Directors of Keppel DC REIT Management Pte. Ltd., as Manager of Keppel DC REIT, are pleased to announce the unaudited results of Keppel DC REIT for the first half ended 30 June 2020.
Keppel DC REIT delivers 38% y-o-y growth in distributable income for 1H 2020 supported by new acquisitions
Key Highlights
-
Distributable income increased by 38.0% year-on-year (y-o-y) to $75.0 million in 1H 2020, largely contributed by the acquisitions of Keppel DC Singapore 4 and DC1 in 4Q 2019
-
Declared DPU of 4.375 cents for 1H 2020, 13.6% higher than 1H 2019’s 3.850 cents
-
Completed two European acquisitions and obtained tax transparency treatment for Keppel DC Singapore 4 in 1H 2020
-
Strong income visibility supported by healthy portfolio statistics and sector resilience amid the COVID-19 pandemic