The REIT’s distributable income for FY2024 grew by 3% y-o-y to $172.7 million, from $167.7 million in the same period a year ago. The 2HFY2024 distributable income came in at $91.9 million, up 20.2% y-o-y from $76.4 million in the same period a year before.
Keppel DC REIT has reported a distribution per unit (DPU) for FY2024 ended Dec 31 of 9.451 cents, a 0.7% y-o-y increase. DPU for the 2HFY2024 increased by 13.2% y-o-y to 4.902 cents as a result.
Excluding the impact of the pro-rata preferential offering in December 2024, the adjusted DPU for FY2024 would have been higher at 9.504 cents, a 1.3% increase from FY2023’s DPU of 9.383 cents.
