Keppel DC REIT’s DPU rises 11.3% to 5.714 cents in H1
Distributable income rose 18.5% year-on-year.
Keppel DC REIT posted a distribution per unit (DPU) of 5.714 cents for the first half (H1) of 2026, up 11.3% from 5.133 cents a year earlier, according to its latest financial results.
Distributable income rose 18.5% year-on-year (YoY) to $150.7m from $127m in H1 2025.
Gross revenue increased 14.5% to $242m, whilst net property income climbed 15.1% to $210m.
The REIT said higher distributable income and DPU were driven by stronger operating performance and increased effective interests in Keppel DC Singapore 3 and 4.
Portfolio occupancy stood at 92.5% as at 30 June, whilst portfolio weighted average lease expiry was 6.7 years.
Aggregate leverage stood at 34%, whilst the average cost of debt stood at 2.6%, down 40 basis points YoY.
The trailing 12-month interest coverage ratio was 6.9 times, decreasing by 0.3 times due to higher finance costs associated with the increased borrowings.
Total debt stood at about $2.3b, with the REIT maintaining a well-staggered maturity profile and a weighted average debt tenor of 3.1 years.