In addition, the completion of Intellicentre 3 East Data Centre (IC3 East DC) development at Intellicentre Campus in Sydney, Australia in July 2021; as well as the completion of asset enhancement initiatives at data centres in Dublin and Singapore in 1Q 2021 helped too.
For the full year, DPU was up 7.4% y-o-y to 9.851 cents. Distributable income was up 9.4% y-o-y to $171.6 million, on the back of an incremental 2.1% gain in revenue to $271.1 million.
The REIT has maintained a portfolio occupancy of 98.3% and weighted average lease expiry of 7.5 years by leased area. As at Dec 31, the REIT’s portfolio was valued at $3.4 billion, versus $3 billion from a year earlier.
Keppel DC REIT closed on Jan 24 at $2.25, down 0.44% for the day and 8.91% year to date.
