Keppel DC REIT lifts nine-month DPU about 12% on operations and deals
Keppel DC REIT reported an 11.7% rise in nine-month distribution per unit for 2026, helped by stronger operations and acquisitions, Reuters reported.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
The Singapore data center REIT reported nine-month gross revenue of S$365.3 million for 2026. Distribution per unit reached 8.571 cents, up from 7.670 cents a year earlier, an increase of 11.7%. Growth came from positive rental reversions and escalations and the acquisition of Tokyo Data Centre 3, partly offset by asset exits and vacancy at Cardiff. Higher finance costs from acquisition loans and lease-extension payments tempered the gain in distributable income.
The company expects Gore Hill Data Centre revenue to more than double as new contracts start from the end of 2026. An enhancement of Keppel DC Singapore 8 is on track for completion in the second half of 2027. Contracted power capacity rose to about 96%.
why it matters
For investors, the results point to firm demand for data center space and steady rental growth. Analysts on average rate the shares a buy, and the median 12-month target, per LSEG data, is about 29% above the October 22 close. The read-through is limited to a niche REIT segment rather than the broader market.
market impact
Singapore REITs: strong data center results support sector interest
tags
instruments
sources
- Keppel DC REIT 9M DPU rises ~12% on stronger operations, acquisitions — Reuters, 22 October 2026 at 23:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗