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Keppel DC REIT 1Q21 DPU up 18.1% to 2.462 cents due to new acquisitions and AEIs

Felicia Tan
Felicia Tan • 2 min read
Keppel DC REIT 1Q21 DPU up 18.1% to 2.462 cents due to new acquisitions and AEIs
Distributable income for the quarter was up 17.5% y-o-y to $42.0 million.
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The manager of Keppel DC REIT has reported distribution per unit (DPU) of 2.462 cents for the 1QFY2021 ended March, 18.1% higher than DPU of 2.085 cents for the 1QFY2020.

The higher DPU was supported by accretive acquisitions and asset enhancement initiatives (AEIs) in 2020, reported the REIT.

The REIT recently completed AEI works at Keppel DC Dublin 2 and DC1 that came up to a total of some $72 million.

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