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

Data from Keppel DC REIT’s latest disclosure is in the Singapore REITs table.

Keppel DC REIT has reported gross revenue of SGD66.1 million for its 1Q 2022.

This represents a decrease of 0.9% year-on-year.

Similarly, the REIT’s net property income (NPI) slipped by 1.4% year-on-year to SGD60.1 million.

However, distributable income and distribution per unit (DPU) for 1Q 2022 increased by 5.9% and 0.2% year-on-year respectively.

Keppel DC REIT has attributed these mainly to recent data centre acquisitions and investment in debt securities.

This was partially offset by lower contributions from Singapore assets as a result of provisions made for a client payment under dispute at KDC SGP 12, and higher electricity costs.

Keppel DC REIT was last done on the Singapore Exchange at SGD2.22, which presently implies a distribution yield of 4.44% 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.