Distributable income increased by 18.5% y-o-y, outpacing DPU growth due to a larger unit base following equity fund raising to finance acquisitions.
Rental reversions remained healthy at +10% in 1H26, with 2Q26 reversions moderating to ~5% (1Q26: +51%). 2H26 reversions are expected to be higher, supported by the Gore Hill Data Centre lease renewal, where rents more than doubled and will flow through from 3Q26. Portfolio occupancy declined to 92.5% from 95.6% in 1Q26 due to the expiry of the Cardiff Data Centre contract. Nevertheless, the earnings impact should be less material, as 95% of revenue-generating power capacity remains contracted.
The Positive
(+) Strong balance sheet with ample debt headroom to pursue accretive acquisitions.
- Read more at SGinvestors.io.
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/.
Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2026-07-27
Previous report by Phillip:
2026-04-17 Keppel DC REIT - Strong Rental Reversions In 1Q26.
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
