1H26 results tracking ahead of our expectations.
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Finance costs climbed 25.2% y-o-y to S$30.7m on the back of acquisition loans drawn in 4Q25. Distributable income (DI) advanced 18.5% y-o-y to S$150.7m, while 1H26 Keppel DC REIT's DPU grew 11.3% y-o-y to 5.714 Singapore cents. This formed 53% of our FY26 forecast, which is ahead of our expectations.
1H26 rental reversions moderated to 10%, while occupancy dipped largely on a single Cardiff lease expiry.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Andy Wong CFA OCBC Group Research | https://www.iocbc.com/ 2026-07-23
Previous report by OCBC:
2026-04-16 Keppel DC REIT - A Stellar Start To FY26.
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
