Keppel DC REIT's Keppel DC Singapore 5. (Photo: Google Maps)

On the back of income from its latest acquisitions, data centre landlord Keppel DC REIT is poised to achieve record distribution per unit (DPU), said DBS.

The REIT has acquired two properties in Singapore over the year, and most recently announced the acquisition of a German data centre for EUR81 million.

Related: Keppel DC REIT expands footprint in Germany with EUR81 million acquisition

Keppel DC REIT is capitalising on its low gearing post the equity fund raising in September 2019, and will fund the German acquisition fully by debt.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.