Keppel DC (KDC) REIT’s distributions per unit (DPU) in FY2020 rose by 20.5% y-o-y to 9.17 cents, while 2HFY2020 DPU surged 27.5% to 4.795 cents. DPU growth came on the bank of a 38.6% rise y-o-y in distributable income (DI) to $156.9 million in FY2020.
The growth in DI was supported by full year contributions from Keppel DC Singapore 4 and DC1, as well as new acquisitions in Europe. In 1H2020, KDC REIT acquired the remaining 999-year leasehold land interest at Keppel DC Dublin 1 in Ireland and Kelsterbach Data Centre in Germany. In Dec 2020, the REIT completed the acquisition of Amsterdam Data Centre. As at Dec 31, 2020, assets under management stood at $3 billion, up from $2.6 billion a year ago.
