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Keppel DC (AJBU) investor relations material
Keppel DC Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 distributable income rose 16.7% YoY to $228.0m; DPU increased 11.7% to 8.571 cents on an enlarged unit base.
Tokyo Data Centre 4 & 5 acquisition completed on 1 Oct 2026, adding growth potential and lifting contracted power capacity to ~97%.
Financial highlights
9M 2026 gross revenue increased 13.3% YoY to $365.3m; property expenses rose 14.9% to $48.5m and NPI grew 13.1% to $316.8m.
Finance costs increased 28.1% to $46.7m, partly offset by finance income of $11.4m, down 6.2% YoY.
DI growth reflected stronger operations, acquisitions and higher effective interests in Keppel DC Singapore 3 & 4; finance costs and the enlarged unit base were offsets.
Outlook and guidance
Gore Hill Data Centre revenue is expected to more than double when new contracts commence from end-2026, with further upside potential.
Keppel DC Singapore 8 asset enhancement works are on track for completion in 2H 2027; portfolio growth levers include repositioning, power intensification, redevelopment and capital recycling.
Tokyo Data Centre 4 & 5 have ~2.8% average annual rent escalations and in-place rents more than 30% under-rented.
- FY23 DPU declined amid higher financing costs and Guangdong DC loss allowances.AJBU
H2 2023 - Distributable income up 18.5% YoY, DPU up 11.3%, and leverage improved to 34.0%.AJBU
H1 2026 - Distributable income surged 20.7% year-over-year, driven by acquisitions and resilient occupancy.AJBU
Q1 2026 TU - Record distributable income and DPU in FY2025, fueled by acquisitions and portfolio strength.AJBU
H2 2025 - Distributable income rose 55.5% and DPU increased 8.8% year-over-year, with strong portfolio metrics.AJBU
Q3 2025 TU - Distributable income soared 57.2% year-over-year, fueled by acquisitions and strong rental growth.AJBU
H1 2025 - DPU up 6.1% q-o-q, with high occupancy and Tokyo DC 1 acquisition boosting growth.AJBU
Q3 2024 TU - DPU reached 4.549 cents in 1H 2024, with strong revenue growth and high occupancy.AJBU
H1 2024 - 2H DPU rose 13.2% as AUM grew 35.1% amid strong rental reversions.AJBU
H2 2024
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