Keppel DC REIT's (SGX:AJBU) distribution per unit or DPU, was up 14% year over year in the first quarter to SG$0.01503 from SG$0.02192 a year earlier, according to a filing with the Singapore Exchange on Thursday.
Distributable income jumped 59% to SG$61.8 million from SG$38.8 million.
Net property income rose 24% to SG$88.1 million from SG$71.0 million, as the REIT completed the acquisitions of two data centers in Tokyo.
Gross revenue was up 23% year over year to SG$102.2 million from SG$83.4 million.
The REIT's portfolio occupancy stood at 96.5% as at March 31.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.