Keppel DC Reit - 1st quarter results update is out! DPU is down 13.7 percent to 2.192 cents! I think results is no good! Pls dyodd.

 At 1.66, yield is merely 5.28% ( 2.192 x 4). I think total DPU has decreased quite substantially from 9.38 cents and 10.45 cents the previous year. 

I would stay sideline till further improvement in DPU.

Gross revenue was up 18.4 per cent to S$83.4 million for the quarter, from S$70.4 million in Q1 FY2023.

DPU of S$0.02192 was down 13.7% as compared with S$0.02541 in the year-ago period.

Net property income grew 11.2 per cent on the year to S$71 million for the quarter, from S$63.9 million.

Mainly due to 13.3m recovered from  DXC Technology Services settlement received. 

Distributable income declined 16.3 per cent year on year to S$38.8 million, from S$46.3 million