Keppel DC REIT (KDC REIT) is a data centre REIT that has been listed on the Singapore Exchange since 2014. Within a span of less than eight years, the REIT has expanded its portfolio from nine to 21 data centres and tripled its assets under management from S$1.1 billion to S$3.4 billion in 2021. Its data centres are located across nine countries in Asia Pacific and Europe. Here are eight things I learned from the 2022 Keppel DC REIT AGM. 1. Keppel DC REIT posted a commendable financial result in 2021 amid the pandemic. Revenue increased 2.1% year-on-year to S$271.1 million in 2021 while distribution per unit (DPU) increased 7.4% to 9.851 cents in 2021 from 9.170 cents in 2020. This was mainly due to:

• Accretive acquisitions in 2020 and 2021 in Germany and the Netherlands
• Development of a data centre in Australia
• Asset enhancement initiatives in data centres in Singapore and Ireland

Rental support was only derived from the recent acquisition of London Data Centre until 2024 and totalled less than S$1.0 million...