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 Second Half and Full Year Ended 31 December 2024.

Keppel DC REIT delivers 13.2% growth in 2H 2024 DPU to 4.902 cents, driven by strong reversions and strategic acquisitions

Key Highlights

• FY 2024 DPU grew 0.7% year-on-year to 9.451 cents
• Proactive portfolio management drove strong reversion of approximately 39% in FY 2024
• Continued execution of strategy to capitalise on growth opportunities within hyperscale segment, leveraging positive market trends including generative artificial intelligence (AI)
• Value creation via strategic acquisitions of three hyperscale data centres in Singapore and Tokyo, opportunistic divestment of Intellicentre Campus and investment in Australia Data Centre Note
• Assets under management increased by 35.1% year-on-year to $5.0 billion; strong balance sheet and agile financial strategies will continue to support future growth