Options puppy 2nd S’pore holding update Keppel dc reit
Jpy latest update for Keppel DC REIT (AJBU.SI) with consolidated Q1 updates:
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📊 Q1 2025 Earnings & Distributable Income
• Revenue up 22.6% YoY to S$102.2 M
• Net Property Income (NPI) rose 24.1% YoY to S$88.1 M
• Boosted by contributions from SGP DC7, DC8, Tokyo DC1 and positive rental reversions (+7%) 
• Distributable income surged 59.4% YoY to S$61.8 M, fueling higher payouts 
Summary Table: Q1 2025 vs Q1 2024
Metric Q1 2025 YoY Change
Revenue S$102.2 M +22.6%
NPI S$88.1 M +24.1%
Distributable Income S$61.8 M +59.4%
DPU 2.503 ¢ +14.2%
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🧾 Distribution Per Unit (DPU) & Dividend Payouts in 2025
Keppel DC REIT has adopted a quarterly distribution cycle. Here’s the recent breakdown for FY 2025:
• Period: 1 Jan – 30 Jun 2024
• Total DPU: 4.549 ¢, paid on 23 Sep 2024  
• Period: 1 Jul – 27 Nov 2024
• Total DPU: 4.083 ¢, paid on 10 Feb 2025 
• Period: 28 Nov – 31 Dec 2024
• DPU: 0.819 ¢, record date 5 Feb 2025, paid 17 Mar 2025 
Q1 2025 DPU (2.503 ¢) represents ≈25.2% of the full-year forecast – consistent with expectations and aligning with Q1’s earnings strength ().
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🔜 Upcoming and Forecasted Distributions
• No upcoming distribution announced yet — the next quarterly DPU should be declared after Q2 results in late July 2025 .
• Market consensus expects full-year 2025 DPU ≈ 9.5297 ¢, up from 9.451 ¢ in 2024 (~1% YoY increase) .
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📅 Recent Dividend Timeline
Event Date Amount
Q4 2024 Period DPU 5 Feb 2025 (record); 17 Mar 2025 (paid) 0.819 ¢ 
Q3 2024 Period DPU Aug/Sep 2024 4.083 ¢ ()
Ex-dividend 4 Feb 2025 – ()
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📈 Key Takeaways
• Strong Q1 income growth fuels elevated distributable income and DPU
• Q1 DPU at 2.503 ¢ (≥25% of FY forecast) shows steady payout efficiency
• Full‑year DPU is trending modestly higher YoY (~0.8%) as rental reversions filter in
• With 4× distributions annually (~every 3 months), income stream is predictable
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✅ Actionable Insights
1. Yield and growth: Annualised Q1 DPU implies ~10 ¢/year, maintaining ~4% yield at current price.
2. Distribution cadence: Quarterly payments offer a steady income flow—next likely post-Q2 results (~late July).
3. Catalysts / Risks: Look out for Q2 occupancy, rental reversions, and acquisition contributions. Rising interest rates or soft leasing can impact DPU growth.
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In summary, Keppel DC REIT’s FY 2025 is shaping up well: strong early-year earnings, healthy income growth, and just incremental DPU uplift. It remains a reliable income stock with clear growth visibility. Let me know if you’d like a forecast model, trend chart, or deeper breakdown by data‑centre geography or tenant.
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- William85·2025-07-07Great details on Keppel DC REITLikeReport
- snipey·2025-07-07Great insightsLikeReport