Keppel DC REIT reports 42.2% net property income surge in Q3

The company expects data centre demand to sustain its growth.

Keppel DC REIT saw an increase of 42.2% to $280.2m in net property income in the first nine months of 2025, compared to a year ago, driven by data centre acquisitions last September, according to its latest bourse filing.

In September, Keppel DC REIT completed two key acquisitions to strengthen its data centre portfolio. It acquired the remaining 51% stake in Memphis 1—owner of Keppel DC Singapore 7 and 8—for up to $8.4m, giving it full ownership of the properties. The REIT also jointly acquired Tokyo Data Centre 3, a freehold hyperscale facility in Inzai City, Greater Tokyo, for JPY82.1b ($707m). The asset is fully leased to a global hyperscaler under a 15-year agreement, enhancing the REIT’s cash flow stability and expanding its footprint in Asia’s largest data centre market outside China.

Gross revenue rose 37.7% for 9M 2025 to $322.4m. Adjusted distribution per unit is $7.872m, 11.7% more compared to the same time last year.

The group expects sustained digital demand to continue driving its structural growth, as data centre demand is projected to grow to 100 GW by 2027.

Cloud and traditional workloads will continue to form the foundation of demand, accounting for 70% with the remaining 30% from artificial intelligence.

Follow the link for more news on

Keppel DC REIT

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