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17-July-2017
Unaudited Results of Keppel DC REIT for Second Quarter and First Half Ended 30 June 2017



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 second quarter and first half ended 30 June 2017.

Key Highlights
• DPU1,2 of 3.63 cents declared for 1H 2017, translating to a 8.7% year-on-year growth
• Distributable income3 for 1H 2017 was $41.9 million, 42.0% higher than 1H 2016, contributed by income from the acquisitions announced last year and a $1.7 million one-off capital distribution announced in 1Q 2017 in relation to the Keppel DC Singapore 3 acquisition.
• Portfolio occupancy rate of 93.1%
• Portfolio weighted average lease expiry (WALE) of 9.4 years by leased area
• Aggregate leverage of 27.7%
• Interest coverage ratio of 10.6 times

Attachments:
Download - Financial Highlights
Download - Unaudited Results
Download - Presentation Slides

(1) The DPU was computed based on the distributable income to Unitholders and had excluded the capital expenditure that was set aside for Keppel DC Singapore 3 (the Capex Reserves). For the financial period from 1 January 2017 to 30 June 2017, eligible Unitholders will receive distribution of 3.63 cents per Unit.

(2) Excluding the one-off capital distribution of approximately $1.7 million (equivalent to 0.15 cents per Unit), 1H 2017's DPU would have been 3.48 cents and the adjusted annualised distribution yield would have been 5.44% and 6.32% based on closing prices of 1H 2017 and 1H 2016 respectively.

(3) 1H 2017's distributable income included a one-off capital distribution of approximately $1.7 million for the month of December 2016 arising from the later completion of Keppel DC Singapore 3 on 20 January 2017 and where the vendor had agreed that all the rights and obligations shall pass to the REIT as if completion had occurred on 1 December 2016. Pursuant to the lease agreement entered into for Keppel DC Singapore 3, the distributable income would also include the Capex Reserves.


For more information, please contact:

Media Relations 

Mr Kevin Ho
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6581
Email: kevin.ho@kepcorp.com

Investor Relations

Ms Liang Huihui
Assistant Manager
Investor Relations
Keppel DC REIT Management Pte. Ltd.
Tel: (65) 6803 1649
Email: huihui.liang@kepcapital.com



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