The higher distributable income and DPU were also mainly due to contributions from strong portfolio performance, acquisitions of Tokyo Data Centre 3 and remaining interests in Keppel DC Singapore 3 and 4. Finance costs were higher mainly due to new acquisition loans drawn in 4Q2025 but average cost of debt in 1Q2026 was a low 2.6%, down 20 bps q-o-q.
In 1QFY2026, for the three months to March 31, Keppel DC REIT’s gross revenue rose by 18.4% y-o-y to $120.96 million while net property income (NPI) increased by 19.4% to $105.17 million. Distributable income rose by 20.7% to $74.6 million translating into a 13.2% rise y-o-y in distributions per unit (DPU) to 2.833 cents. On an annualised basis, and with the closing price on April 15, DPU translates into a yield of 4.86%.
The higher NPI was mainly due to the acquisition of Tokyo Data Centre 3; higher contributions from contract renewals and escalations but partially offset by the divestment of Kelsterbach Data Centre.
