Keppel DC REIT (AJBU) announced its operational and financial performance for the nine months ended Sep, 30 2025 on Oct, 24 2025.

Gross revenue grew 37.7% year on year to 322.4 million Singapore dollars, while net property income increased 42.2% to 280.2 million Singapore dollars. Distributable income rose 55.5% to 195.3 million Singapore dollars and distribution per unit advanced 8.8% to 7.670 cents.

As at Sep, 30 2025, assets under management stood at approximately 5.7 billion Singapore dollars with portfolio occupancy at 95.8%. Aggregate leverage was 29.8% and the average cost of debt for the third quarter was 2.9%. The weighted average interest coverage ratio for the trailing twelve months was 6.6 times.

During the period, the trust completed the purchase of the remaining interests in Keppel DC Singapore 7 & 8 and announced the acquisition of Tokyo Data Centre 3, which is expected to complete by end-2025. It also proposed the divestment of NetCo bonds and preference shares.

A preferential offering that was about 168% subscribed raised 404.5 million Singapore dollars, with 180.6 million new units listed on Oct, 22 2025.

The manager said contract renewals in the third quarter registered a portfolio rental reversion of 10% and the weighted average lease expiry was 6.7 years by lettable area.