Keppel DC REIT is an industrial REIT that owns 14 data centres in 10 cities across eight countries including Singapore, Malaysia, Australia, Germany, Ireland, Italy, the Netherlands, and the UK. As at 31 March 2018, Keppel DC REIT’s assets under management (AUM) totalled $1.66 billion.
Previously, I attended the 2017 annual general meeting of Keppel Telecommunications & Transportation (Keppel T&T) which is the sponsor of Keppel DC REIT. This time around, we decided to attend Keppel DC REIT’s annual meeting and find out more about the REIT’s past year’s performance and its outlook for year ahead.
Here are seven things I learned from the 2018 Keppel DC REIT AGM.
1. Gross revenue grew 40.3% year-on-year to $139.1 million in 2017 and net property income (NPI) grew 37.6% to $125.1 million. Likewise, distributable income grew 34.8% to $82.3 million. The growth was mainly due …