Keppel DC REIT’s NPI down 3% in 2023

Gross revenue for the period increased 1.4%.

Keppel DC REIT posted a net property income of $244.9m in FY2023, 3% lower than the $252.5m in FY2022.

Its distributable income also declined 9.3% YoY to $167.7m from $184.8m in the previous year.

Meanwhile, gross revenue for the period increased 1.4% YoY to $281m from $277m in FY2022.

Keppel DC REIT declared a distribution per unit (DPU) of $0.9383 in FY2023, 8.1% lower than the $1.0214 recorded a year ago.

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