16-April-2018
Unaudited Results of Keppel DC REIT for First Quarter Ended 31 March 2018

The Directors of Keppel DC REIT Management Pte. Ltd., as Manager of Keppel DC REIT, are pleased to announce the unaudited results of Keppel DC REIT for the first quarter ended 31 March 2018.

Keppel DC REIT Achieves DPU of 1.80 cents for 1Q 2018

Results Highlights

  • 1Q 2018's DPU(2) of 1.80 cents was 3.4% higher than 1Q 2017's adjusted DPU(3) of 1.74 cents after excluding the one-off capital distribution recorded in 1Q 2017 in relation to Keppel DC Singapore 3
  • Distributable income(1) was $20.9 million in 1Q 2018, lower than 1Q 2017's $21.8 million due to the absence of the one-off capital distribution
  • Portfolio AUM at $1.66 billion following completion of maincubes Data Centre in Germany
  • Portfolio occupancy at 93.7% with weighted average lease expiry (WALE) of 9.6 years by leased area
  • Aggregate leverage at 37.4% and interest coverage ratio of 10.7 times


Attachments:

Download - Financial Highlights
Download - Unaudited Results
Download - Presentation Slides



(1)1Q 2017's distribution income included a one-off capital distribution of $1.7 million for the month of December 2016 arising from the later completion of Keppel DC Singapore 3 and where the vendor had agreed that all the rights and obligations shall pass to the REIT as if completion had occurred on 1 December 2016. 1Q 2018 and 1Q 2017's distributable income included Keppel DC Singapore 3's Capex Reserves.
(2)
DPU was computed based on the distributable income to Unitholders and had excluded the Capex Reserves. 1Q 2017's DPU included the one-off capital distribution of 0.15 cents per Unit. Keppel DC REIT declares distributions on a half-yearly basis. No distribution has been declared for the quarter ended 31 March 2018.
(3)
1Q 2018's DPU was higher than 1Q 2017's adjusted DPU after excluding the one-off capital distribution recorded in 1Q 2017.

 

For more information, please contact:

Media Relations

Mr Kevin Ho
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6581
Email: kevin.ho@kepcorp.com

Investor Relations

Ms Liang Huihui
Assistant Manager
Investor Relations
Keppel Capital
Tel: (65) 6803 1649
Email: huihui.liang@kepcapital.com