Basic Profile & Key Statistics Keppel DC REIT (KDC) is a data centre REIT that owns 21 properties across 9 countries. Performance Highlight Despite a drop in gross revenue and NPI, the distributable income and DPU improved YoY. The financial statement explained that the decrease in gross revenue and NPI are due to lower rental non-cash income adjustment on a straight-lining basis, cessation of excess rent paid to the vendor at Kelsterbach DC, absence of one-off revenue and expenses reduction from the Singapore colocation assets and the divestment of iseek DC. However, no detail explanation on how higher distributable income is achieved especially on the "other net adjustments" section where the amount is S$ 7 mils lower YoY. Acquisition In December 2021 KDC has completed the acquisition of Guangdong Data Centre and Investment in the NetCo Bonds and Preference Shares. In January 2022, KDC has also completed the acquisition of London Data Centre....