4 Singapore REITs That Boast Consistent DPU Increases: Keppel DC REIT

Keppel DC REIT is a data centre REIT with a portfolio of 23 data centres across nine countries with assets under management (AUM) of S$3.7 billion as of 31 December 2022.

The REIT has also displayed an impressive, unbroken rise in DPU from 2019 to 2022, going from S$0.0771 to S$0.10214.

Keppel DC REIT enjoys a high occupancy rate of 98.5% with a long portfolio weighted average lease expiry of 8.4 years, thus providing investors with the certainty of leasing income.

The REIT’s portfolio also contains leases with rental escalations that help it to combat inflation.

During 2022, Keppel DC REIT completed the acquisition of two Guangdong data centres and asset enhancement initiatives (AEI) that helped it to increase its DPU.

It also continues to enjoy the income from its investment in M1’s bonds back in October 2021.