On October 18, 2024, Keppel DC REIT shared its operational updates for the third quarter of 2024. An interesting highlight is the 0.4% year-on-year rise in Distribution Per Unit (DPU), bringing it to 2.501 cents. When stacked up against the second quarter of 2024, there’s a notable 6.1% increase in DPU. Currently, Keppel DC REIT constitutes a mere 2.78% of my entire stock portfolio, which prompts me to ponder its current share price and the dividend yield it offers. These are crucial factors as I weigh my options on whether to increase my investment in Keppel DC REIT.
In the recent past, Keppel DC REIT has been dealing with some challenges. So, the big question is: has its financial performance shown improvement by the third quarter of FY24? Let’s dive into their latest operational updates to find out.
Keppel DC REIT 3Q2024 Financial Performance
In the third quarter of 2024, Gross Revenue ticked up 8.9% year-over-year, reaching S$76.9 million. This boost in revenue could signal a positive shift in the operational landscape.
