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Keppel DC REIT reported 1H DPU of S$5.714 cents, up 8.9% h-o-h and 11.3% y-o-y, with annualised DPU running ahead of MIBG and consensus.
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Growth was underpinned by acquisitions. Portfolio occupancy by lettable area slipped sequentially due to non-renewals in the UK and Singapore. Positive reversions continued, though at a more normalised pace. Debt metrics were stable.
- - Read this at SGinvestors.io -
Growth supported by acquisitions, reversions.
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1H revenue and NPI were S$242.0m and S$210.4m, respectively, ~15% y-o-y. Growth was led by the acquisition of Tokyo DC3, and positive reversions. Topline growth, along with higher interests in SG DC 3 and 4, boosted distribution.
- - Read this at SGinvestors.io -
Relatively stable operating metrics.
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybanktrade.com.sg/ 2026-07-24
Previous report by Maybank:
2026-04-17 Keppel DC REIT - Positive Reversion And Steady Growth.
Price targets by 3 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
