Keppel DC REIT's 3Q distributable income surpasses IPO forecast

It rose 13.7% to $16.78m.

Keppel DC Reit announced on Monday that it's actual distributable income for July-September period, was up 13.7% at S$16.78m from the initial public offering (IPO) forecast figure of S$14.76m .

The actual distribution per unit (DPU) was 1.9 Singapore cents, up 13.8% from the forecast 1.67 Singapore cents.

Actual net property income also grew 3.8% at S$22.7m, higher than he forecast figure of S$21.87m for 3Q.

On a negative note, actual gross revenue for the quarter fell 12% to S$22.67m from the forecast figure of S$25.77m.

For the nine months ended Sept 30, actual distributable income was up 5.3% at S$46.28m from the IPO forecast figure of S$43.95m.

DPU was 5.24 Singapore cents as against the forecast figure of 4.98 Singapore cents.