Media Releases and SGX Announcements

Unaudited Results of Keppel DC REIT for Third Quarter and Nine Months Ended 30 September 2017

The Directors of Keppel DC REIT Management Pte. Ltd., as Manager of Keppel DC REIT, are pleased to announce the unaudited results of Keppel DC REIT for the third quarter and nine months ended 30 September 2017.

Key Highlights

• 9M 2017's adjusted DPU(1) of 5.22 cents was 4.2% higher than 9M 2016's adjusted DPU of 5.01 cents
• Distributable income(2) for 9M 2017 was $62.1 million, 34.1% higher than 9M 2016, contributed by acquisitions and the one-off capital distribution
• Portfolio occupancy rate remained healthy at 93.4% with portfolio weighted average lease expiry (WALE) of 9.2 years by leased area
• Aggregate leverage was 32.1% and interest coverage ratio was 10.6 times


Download - Financial Highlights
Download - Unaudited Results
Download - Presentation Slides

(1) Excluding the one-off capital distribution of approximately $1.7 million (equivalent to 0.15 cents per Unit) paid to the Unitholders, 9M 2017's adjusted DPU would be 5.22 cents. This would be higher than 9M 2016's adjusted DPU of 5.01 cents after adjusting for the impact of the pro-rata Preferential Offering in November 2016 which lowered DPU by approximately 0.36 cents, and a one-off net property tax refund recorded in 3Q 2016 which increased DPU by approximately 0.18 cents.
(2) 9M 2017's distributable income included a one-off capital distribution of approximately $1.7 million arising from the later completion of Keppel DC Singapore 3 on 20 January 2017 and where the vendor had agreed that all the rights and obligations shall pass to the REIT as if completion had occurred on 1 December 2016. The distributable income also includes Keppel DC Singapore 3's Capex Reserves.

For more information, please contact:

Media Relations

Mr Kevin Ho
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6581

Investor Relations

Ms Liang Huihui
Assistant Manager
Investor Relations
Keppel Capital
Tel: (65) 6803 1649

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