Keppel DC REIT has reported lower rental income from its property in Malaysia, but investments in Europe and Singapore have helped to bolster its earnings for 2Q 2018.
The REIT has declared a distribution per unit (DPU) of 1.82 Singapore cents for its 2Q 2018, a year-on-year increase of 4.6% from the 1.74 cents achieved in the corresponding period of 2017.
Keppel REIT declared an advanced distribution of 2.77 cents per unit to eligible unitholders for the period from 1 January to 15 May 2018, in connection with the private placement of 224.0 million new units.
For the period from 16 May to 30 June 2018, eligible unitholders of the REIT will receive distribution of 0.85 cents per unit.
Keppel DC REIT’s gross revenue and net property income for the quarter increased by 21.5% and 21.4% to SGD41.9 million (USD30.7 million) and SGD38 million respectively.