Keppel DC REIT’s DPU in the first quarter of 2018 increased to 1.80 cents from the same quarter last year, on the back of increased gross revenue and net property income. Following the acquisition of maincubes data centre in Germany, portfolio AUM stands at S$1.66 billion. Portfolio occupancy however was lower at 93.7% compared to 95.1% the same period last year. This was due mainly to a decline in occupancy in Keppel DC Singapore 1 and Basis Bay Data Centre. Aggregate leverage has risen significantly to 37.4% compared to 27.9% in the same period last year. In this regard, the REIT is likely to have to be more prudent in managing their interest rate risk. Future acquisitions may also require more funding by equity rather than debt, which may dilute current unitholders. Also read: Analysis on Viva industrial REIT Given the strong run up in share price compared to a year ......