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Keppel DC REIT’s Guangdong acquisitions raise question marks

Goola Warden
Goola Warden • 6 min read
Keppel DC REIT’s Guangdong acquisitions raise question marks
Full contributions Guangdong Data Centre, which was acquired by Keppel DC REIT in December 2021, helped to lift 1HFY2022 DPU
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Keppel DC REIT, which invests in a diversified portfolio of incoming-producing real estate used primarily for data centre purposes, has been expanding its footprint since its listing in 2014.

In 1HFY2022 ended June 30, although Keppel DC REIT reported somewhat flattish revenues, rising 0.3% to $91.2 million from the same period a year ago, DPU rose 2.5% y-o-y to 5.049 cents. This was underpinned by a realised forex gain of $4.3 million and contributions from M1 of $4.1 million which was reflected as finance income.

In addition, Keppel DC REIT benefitted from the full contribution from acquisitions such as the London Data Centre and Guangdong Data Centre which were acquired in December 2021, and the Eindhoven Campus.

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