The gains in distributable income were also supported by acquisitions and organic growth. On the interest rate front, KDC REIT earned higher finance income from Australia Data Centre Note, and benefitted from lower finance costs.
Keppel DC REIT's distributable income including capex reserves for the nine months to Sept 30 rose by 55.5% y-o-y to $195.3 million while distributions per unit (DPU) rose by 8.8% y-o-y to 7.67 cents in the same period. In 3QFY2025, DPU rose by 1.5% to 2.537 cents y-o-y. Keppel DC REIT pays DPU twice a year.
Net property income (NPI) rose by 42.2% to $280.2 million. The higher NPI was due to the acquisitions of Keppel DC Singapore (KDC SGP) 7&8, Tokyo Data Centre 1 and organic growth from higher contributions from contract renewals and escalations. These positives were partially offset by the divestment ofIntellicentre Campus and Kelsterbach Data Centre, and the absence of one-off dispute settlement sum at Keppel DC Singapore 1 received in 2024.
