
Keppel DC REIT outperforms IPO forecast with $26.2m maiden net property income
On back of higher portfolio occupancy.
Keppel DC REIT’s maiden results showed that it has outperformed its IPO forecast by 2%, with net property income reported at $26.2m.
Keppel DC REIT also reported a distributable income to shareholders of $17.2m, which was 1.3% higher than forecast.
According to its management, the higher distribution income were mainly driven by non-recurring service income which was generated from Citadel 100 Data Centre and Gore Hill Data Centre.
The REIT was listed in December. Its last closing price of $1.02 was 9.1% higher than its IPO price of $0.93.