The Directors of Keppel DC REIT Management Pte. Ltd., as Manager of Keppel DC REIT, are pleased to announce the unaudited results of Keppel DC REIT for the financial period from the listing date of 12 December 2014 to 31 December 2015.
Keppel DC REIT's YTD 2015 Distribution Per Unit Exceeds Forecast By 1.9%
Results Highlights
- YTD 2015:
- Distribution per Unit of 3.28 cents declared for 2H 2015
- Net property income outperformed IPO forecast by 1.7%
- Distributable income was 1.9% higher than IPO forecast
- Annualised distribution yield was 13bps above IPO forecast
- 4Q 2015:
- Net property income was 1.9% higher than IPO forecast, due to contribution from Intellicentre 2 and lower property expenses. These were partially offset by lower variable rental from Singapore Properties as well as lower rental income arising from depreciation of certain foreign currencies
- Distributable income was 2.2% above IPO forecast
- Portfolio occupancy remains healthy at 94.8%, up from 93.5% at IPO
- Portfolio weighted average lease expiry (WALE) of 8.7 years by leased lettable area
- Aggregate leverage of 29.2%
- Interest coverage ratio of 9.4 times
Attachments:
Download - Financial Highlights
Download - Unaudited Results
Download - Presentation SlidesFor more information, please contact:
Media Relations
Mr Kevin Ho
Executive
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6581
Email: kevin.ho@kepcorp.comInvestor Relations
Ms Liang Hui Hui
Executive
Investor Relations
Keppel DC REIT Management Pte. Ltd.
Tel: (65) 6305 0784
Email: huihui.liang@keppeldcreit.com
Keppel Telecommunications & Transportation Ltd. issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-14 09:38:03 UTC
Original Document: http://www.keppeltt.com.sg/news_item.aspx?sid=42&aid=6175