During the FY2023 and 2HFY2023, the REIT also registered net lower contributions from some of its Singapore colocation assets due to higher facilities expenses and less favourable foreign exchange (forex) hedges. This was partly offset by positive reversions and escalations, contributions from acquisitions made in the FY2022, higher finance income and tax savings.
Keppel DC REIT has reported a distribution per unit (DPU) of 9.383 cents for the FY2023 ended Dec 31, 2023, 8.1% lower y-o-y. DPU for the 2HFY2023 fell by 16.1% y-o-y to 4.332 cents.
Distributable income for the FY2023 fell by 9.3% y-o-y to $167.7 million while distributable income for the 2HFY2023 fell by 18.5% y-o-y to $76.4 million. The declines were attributable to higher finance costs and loss allowances for the uncollected rental income from the Guangdong data centres.
