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Keppel DC REIT reports DPU of 4.549 cents for 1HFY2024, y-o-y decrease but h-o-h increase

Nicole Lim
Nicole Lim • 3 min read
Keppel DC REIT reports DPU of 4.549 cents for 1HFY2024, y-o-y decrease but h-o-h increase
Keppel DC REIT's data centres at Guangdong / Photo: Keppel DC REIT
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Keppel DC REIT has reported a distribution per unit (DPU) of 4.549 cents for the 1HFY2024 ended June 30, a 9.9% y-o-y decrease from 5.051 cents the same period a year before, but a 5% h-o-h increase from 4.332 cents in 2HFY2023. 

The REIT recorded a distributable income of $80.9 million, a 11.4% y-o-y decrease from $91.3 million, but a 5.9% h-o-h increase from $76.4 million. 

Gross revenue rose 11.9% y-o-y to $157.2 million in the first half 2024, compared to $140.5 million in the same period a year before, and the REIT recorded a 4.2% higher y-o-y net property income of $132.6 million compared to $127.4 million in the same period a year before. 

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