Data centre owner Keppel DC REIT declared a 3Q distribution per unit (DPU) of 1.64 cents, 2.5 % higher than the forecast 1.6 cents.
Distributable income for the three months to Sept 30 was 2.2% higher at $14.48 million. Hedging gains helped to keep distributable income above projections after unforeseen foreign currency depreciations ate into net property income.
Net property income was $21.37 million, 0.3% below the initial public offering projection of $21.44 million.
The trust suffered foreign exchange losses from the weakening of the Australian dollar and the euro against the Singapore dollar, but it realised gains from the settlement of foreign currency forward contracts, and paid lower interest expenses due to interest rate swaps.
Keppel DC REIT units closed flat at $1.045.
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Distributable income for the three months to Sept 30 was 2.2% higher at $14.48 million. Hedging gains helped to keep distributable income above projections after unforeseen foreign currency depreciations ate into net property income.
Net property income was $21.37 million, 0.3% below the initial public offering projection of $21.44 million.
The trust suffered foreign exchange losses from the weakening of the Australian dollar and the euro against the Singapore dollar, but it realised gains from the settlement of foreign currency forward contracts, and paid lower interest expenses due to interest rate swaps.
Keppel DC REIT units closed flat at $1.045.
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