Keppel DC REIT - Phillip Securities 2025-10-27: Dpu Growth Despite The Preferential Offering

• 3Q25/9M25 Keppel DC REIT's DPU of 2.54/7.67 Singapore cents (+1.4%/+11.7% y-o-y) was in line with our expectations, forming 24/74% of our FY25e estimates. The y-o-y increase was driven by the acquisitions of KDC SGP 7 & 8 and Tokyo DC 1, stronger contributions from contract renewals and escalations, and lower finance costs.
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• Portfolio occupancy remained stable at 95.8% q-o-q. With no major lease renewals in 3Q25, rental reversions eased to 10% (vs. 51% in 1H25), still healthy. The 2.8% DPU accretive acquisition of Tokyo DC 3 is on track for completion by end-2025.
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The Positives

Rental reversions (3Q25: +10%) remained strong despite no major contract renewals in Singapore.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2025-07-28 Keppel DC REIT - Yet Another Quarter Of Exceptional Rental Reversion.

Price targets by other brokers at Keppel DC REIT Target Prices.

Listing of research reports at Keppel DC REIT Analyst Reports.

Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividend Payout Dates & Corporate Actions,
Keppel DC REIT News