Keppel DC REIT ( (KPDCF) ) has released its Q4 earnings. Here is a breakdown of the information Keppel DC REIT presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Keppel DC REIT is a Singapore-based real estate investment trust that invests in a diversified portfolio of income-producing data center properties across Asia-Pacific and Europe, supporting the digital economy. In its latest financial report, Keppel DC REIT announced robust results for the full year ending December 31, 2024, showcasing a significant increase in gross revenue and net property income from the previous year, driven primarily by recent acquisitions and positive rental reversions. Key financial highlights include a 10.3% increase in full-year gross revenue to $310.3 million and a 6.3% rise in net property income to $260.3 million. The REIT also reported a notable increase in distributable income to unitholders and declared a distribution per unit of 9.451 cents. Strategic moves in 2024 included the acquisition of Tokyo Data Centre 1 and two data centers in Singapore, enhancing its portfolio value to approximately $5 billion. Looking ahead, Keppel DC REIT’s management remains optimistic about continued growth through strategic acquisitions and portfolio optimization, positioning the trust favorably in the expanding data center market.
