Keppel Telecom & Transport : Unaudited Results of Keppel DC REIT for the Financial Period from the Listing Date of 12 December 2014 to Full Year ended 31 December 2015

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 Slides

  For more information, please contact:
  

  Media Relations Mr Kevin Ho Executive Group Corporate Communications Keppel Corporation Limited Tel: [phone] Email: [e-mail]

  Investor Relations Ms Liang Hui Hui Executive Investor Relations Keppel DC REIT Management Pte. Ltd. Tel: [phone] Email: [e-mail]