Guangdong Data Centre (Keppel DC REIT)Guangdong Data Centre (Keppel DC REIT)

Data from Keppel DC REIT’s latest update is incorporated into the Singapore REITs table

Keppel DC REIT has reported distribution per unit (DPU) of 9.851 cents for its FY2021.

This represents an increase of 7.4% from FY 2020.

The REIT’s distributable income for 2H 2021 came in at SGD87.4 million, an increase of 9.4% year-on-year.

Keppel DC REIT has attributed the higher income to contributions from new acquisitions and higher asset occupancies.

The new acquisitions include Kelsterbach Data Centre in Germany, and Amsterdam Data Centre and Eindhoven Campus in the Netherlands.

As at end-2021, Keppel DC REIT’s average cost of debt was at 1.6% per annum with interest coverage ratio at 10.8 times.

Aggregate leverage was at 34.6%, with debt maturity profile at 3.9 years.

Keppel DC REIT was last done on the Singapore Exchange (SGX) at SGD2.25, which presently implies a distribution yield of 4.38% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.