Keppel DC REIT distribution per unit jumps 11.7% in 9M

Distributable income also rose 16.7% to $228m.

Keppel DC REIT recorded a distribution per unit (DPU) of $0.08571 in the first nine months (9M) of 2026, 11.7% higher than $0.07670 a year earlier.

Distributable income rose 16.7% to $228m, from $195.3m in 9M 2025, driven by stronger operating performance, contributions from acquisitions, and increased effective interests in Keppel DC Singapore 3 and 4.

The REIT said the gains were partially offset by higher finance costs from acquisition loans drawn in the fourth quarter of 2025 and the lease extension consideration for Keppel DC Singapore 7 and 8.

Gross revenue also increased 13.3% to $365.3m from $322.4m, whilst net property income (NPI) grew 13.1% to $316.8m from $280.2m.

NPI growth reflected positive rental reversions and escalations and the acquisition of Tokyo Data Centre 3, but was partially offset by the divestment of Kelsterbach Data Centre and the absence of income from Cardiff Data Centre.

Contracted power capacity stood at about 96%, whilst portfolio occupancy edged up to 93%.

The REIT also recorded a portfolio rental reversion of about 14% and secured renewals and new contracts in Singapore and Australia.

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