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Keppel DC REIT DPU Rises 11% in H1

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Keppel DC REIT's (SGX:AJBU) distribution per unit, or DPU, was up 11.3% during the first half of the year to SG$0.0571 from SG$0.0513 a year earlier, according to a Thursday filing with the Singapore Exchange.

Distributable income rose 18.5% to SG$150.7 million from SG$127.1 million a year earlier.

Net property income rose 15.1% to SG$210.4 million in the first six months ended June 30, from SG$182.8 million a year ago.

Gross revenue during the January to June period also climbed 14.5% year-on-year to SG$242.0 million from SG$211.3 million.

Portfolio occupancy stood at 92.5% as at June 30.

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