On 26 January 2024, Keppel DC REIT (“KDC”) have announced their full year result for 2023. There were no significant changes to the financial position of KDC, except for the loss allowance relating to uncollected rental income from the Guangdong DCs which caused DPU to decrease. Based on the latest announcements, it seems that it will be resolved by April 2024 and business will resume as usual moving forward. There is a possibility for a higher distribution to be paid after the loss allowance is reversed under property expenses. Investors will need to monitor if there are any updates over the next few months.

Website: Financial Statements And Related Announcement::Full Yearly Results

Photo source: https://www.keppeldatacentres.com/locations/asia-pacific/singapore/dc-1/

Background

KDC was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.

KDC’s investment strategy is to principally invest, directly or indirectly, in a diversified