Keppel DC REIT (KPDCF)

Keppel DC REIT Income Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	364.49	310.29	281.21	277.32	271.07	265.57
Other Revenue	-0.07	-	-8.28	-8.98	-1	-
Total Revenue	364.42	310.29	272.92	268.34	270.07	265.57
Revenue Growth (YoY	24.78%	13.69%	1.71%	-0.64%	1.69%	36.31%
Property Expenses	86.12	77.79	63.06	51.12	46.7	43.08
Selling, General & Administrative	1.55	1.49	1.32	1.21	1.12	1.21
Other Operating Expenses	18.07	12.19	4.28	5.94	6.41	9.8
Total Operating Expenses	105.74	91.46	68.65	58.27	54.23	54.09
Operating Income	258.68	218.82	204.27	210.07	215.83	211.48
Interest Expense	-50.15	-51.51	-48.52	-31.07	-21.22	-18.73
Interest & Investment Income	17.9	15.39	10.93	9.25	0.56	0.45
Other Non-Operating Income	4.35	5.89	-0.97	8.63	4.4	-1.09
EBT Excluding Unusual Items	230.78	188.59	165.71	196.88	199.58	192.11
Gain (Loss) on Sale of Assets	10.43	31.61	-	-	-0.2	-
Asset Writedown	120.61	120.61	-27.93	68.29	151.37	0.65
Pretax Income	361.82	340.81	137.78	265.17	350.75	192.75
Income Tax Expense	21.68	26.83	15.57	30.99	29.18	21.02
Earnings From Continuing Operations	340.14	313.98	122.2	234.17	321.57	171.73
Minority Interest in Earnings	-13.99	-13.31	-3.67	-3.27	-7.92	-3.58
Net Income	326.15	300.67	118.53	230.91	313.66	168.15
Net Income to Common	326.15	300.67	118.53	230.91	313.66	168.15
Net Income Growth	116.32%	153.67%	-48.67%	-26.38%	86.53%	57.89%
Basic Shares Outstanding	2,021	1,759	1,720	1,718	1,662	1,633
Diluted Shares Outstanding	2,021	1,759	1,720	1,718	1,662	1,633
Shares Change (YoY)	17.39%	2.25%	0.16%	3.32%	1.81%	15.15%
EPS (Basic)	0.16	0.17	0.07	0.13	0.19	0.10
EPS (Diluted)	0.16	0.17	0.07	0.13	0.19	0.10
EPS Growth	84.28%	148.09%	-48.75%	-28.75%	83.21%	37.12%
Dividend Per Share	0.100	0.095	0.094	0.102	0.099	0.092
Dividend Growth	12.99%	0.73%	-8.14%	3.69%	7.43%	20.50%
Operating Margin	70.98%	70.52%	74.84%	78.29%	79.92%	79.63%
Profit Margin	89.50%	96.90%	43.43%	86.05%	116.14%	63.32%
EBIT	258.68	218.82	204.27	210.07	215.83	211.48
EBIT Margin	70.98%	70.52%	74.84%	78.29%	79.92%	79.63%
Effective Tax Rate	5.99%	7.87%	11.30%	11.69%	8.32%	10.91%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.