Keppel DC Reit NPI up 24.1% in Q1

It was mainly driven by acquisitions.

Keppel Data Centre Reit reported a 24.1% year-on-year increase in net property income for the first quarter, rising to $88.1m from $71m.

The increase in net property income was mainly driven by the acquisitions of Keppel DC Singapore 7 and 8, and Tokyo Data Centre 1, as well as higher contributions from contract renewals and rental escalations in 2024. These gains were partially offset by the divestment of Intellicentre Campus and a one-off dispute settlement sum received at Keppel DC Singapore 1 during the quarter.

Revenue for the quarter also grew 22.6% to $102.2m, compared to $83.4m in Q1 FY2024.

Distribution per unit (DPU) increased 14.2% to $0.02503, up from $0.02192 a year earlier. Distributable income jumped 59.4% to $61.8m, from $38.8m previously.

The rise in DI and DPU was mainly due to contributions from acquisitions and strong portfolio performance. DI includes capital expenditure reserves used in the DPU computation for eligible unitholders.

Follow the link for more news on

Keppel Data Centres

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia