Keppel : Unaudited Results of Keppel DC REIT for the Fourth Quarter and Full Year Ended 31 December 2017

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 fourth quarter and full year ended 31 December 2017.

Keppel DC REIT Delivers DPU of 7.12 cents in FY 2017

Key Highlights

• DPU² of 3.49 cents declared for 2H 2017, bringing total DPU for FY 2017 to 7.12 cents
• FY 2017 adjusted DPU³ of 6.97 cents was 4.3% higher than FY 2016 adjusted DPU of 6.68 cents
• Acquisitions and one-off capital distribution contributed to the 34.8% year-on-year growth in distributable income¹ from $61.0 million in FY 2016 to $82.3 million in FY 2017
• Portfolio occupancy at 92.6% with weighted average lease expiry (WALE) of 9.1 years by leased area
• Healthy balance sheet to support further growth, with aggregate leverage at 32.1% and interest coverage ratio of 9.7 times

Attachments:

Download - Financial Highlights
Download - Unaudited Results
Download - Presentation Slides

⁽¹⁾_{FY 2017's distributable income included a one-off capital distribution of approximately $1.7 million for the month of December 2016 arising from the later completion of Keppel DC Singapore 3 on 20 January 2017 and where the vendor had agreed that all the rights and obligations shall pass to the REIT as if completion had occurred on 1 December 2016. The distributable income also included Keppel DC Singapore 3's Capex Reserves.}
⁽²⁾ _{DPU was computed based on the distributable income to Unitholders and had excluded the Capex Reserves.}
⁽³⁾_{Excluding the one-off capital distribution of approximately $1.7 million (equivalent to 0.15 cents per Unit) paid to the Unitholders, FY 2017's adjusted DPU would be 6.97 cents. This is higher than FY 2016's adjusted DPU of 6.68 cents after adjusting for the impact of the pro-rata Preferential Offering in November 2016 which lowered DPU by approximately 0.36 cents per Unit each for both 3Q 2016 and 4Q 2016, and a one-off net property tax refund recorded in FY 2016 which increased DPU by approximately 0.18 cents.}

For more information, please contact:

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

Investor Relations Ms Liang Huihui Assistant Manager Investor Relations Keppel Capital Tel: [phone] Email: [e-mail]