- Keppel DC REIT (SGX:AJBU)’s 1H24 gross revenue and net property income (NPI) increased 11.9% and 4.2% y-o-y to S$157.2m and S$132.6m, respectively.
- However, given an increase in finance costs by 14.1%, negative FX impact and loss allowances made for receivables in relation to its Guangdong data centres, Keppel DC REIT's DPU for 1H24 fell 9.9% y-o-y to 4.549 Singapore cents. This was however, an increase of 5.0% on a h-o-h basis as issues surrounding its Guangdong data centres had occurred in 2H23.
1H24 results in-line with our expectations
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Secured positive rental reversions above 40% for a major contract renewal in Singapore as part of its Keppel leases
- Read more at SGinvestors.io.