Keppel DC REIT's NPI rises 4.6% YoY, driven by strong lease reversions

It also recorded an improved DPU.

Keppel DC REIT's net property income (NPI) rose 4.6% YoY to $64.5m in Q3 2024, driven by strong reversions from its leases.

With higher NPI, the REIT also recorded improved distributable income (DI) and distribution per unit (DPU).

DI for the period was $44.7m, up 6.3% YoY, whilst DPU rose 6.1% YOY to $0.02502.

The REIT attributed its performance to higher rents from strong reversions and rent escalations, the partial distribution of the DXC settlement received earlier in H1 2024, and contributions from Tokyo DC 1.

Growth was partly offset by loss allowances for the Guangdong data centres, higher finance costs, and weaker foreign currencies against the Singapore dollar.

Follow the link for more news on

Keppel DC REIT

Financial Statements

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