Keppel DC REIT (SGX:AJBU)

Keppel DC REIT Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	457.86	441.36	310.29	281.21	277.32	271.07
Other Revenue	-1.2	-	-	-8.28	-8.98	-1
Total Revenue	456.66	441.36	310.29	272.92	268.34	270.07
Revenue Growth (YoY	35.37%	42.24%	13.69%	1.71%	-0.64%	1.69%
Property Expenses	88.17	95.69	77.79	63.06	51.12	46.7
Selling, General & Administrative	1.6	1.77	1.49	1.32	1.21	1.12
Other Operating Expenses	27.77	12.37	12.19	4.28	5.94	6.41
Total Operating Expenses	117.54	109.83	91.46	68.65	58.27	54.23
Operating Income	339.13	331.53	218.82	204.27	210.07	215.83
Interest Expense	-51.72	-48.94	-51.51	-48.52	-31.07	-21.22
Interest & Investment Income	15.12	15.31	15.39	10.93	9.25	0.56
Other Non-Operating Income	2.27	2.35	5.89	-0.97	8.63	4.4
EBT Excluding Unusual Items	304.79	300.25	188.59	165.71	196.88	199.58
Gain (Loss) on Sale of Assets	5.59	10.83	31.61	-	-	-0.2
Asset Writedown	161.65	161.65	120.61	-27.93	68.29	151.37
Pretax Income	472.03	472.72	340.81	137.78	265.17	350.75
Income Tax Expense	33.14	38.04	26.83	15.57	30.99	29.18
Earnings From Continuing Operations	438.9	434.68	313.98	122.2	234.17	321.57
Minority Interest in Earnings	-5.54	-6.86	-13.31	-3.67	-3.27	-7.92
Net Income	433.36	427.82	300.67	118.53	230.91	313.66
Net Income to Common	433.36	427.82	300.67	118.53	230.91	313.66
Net Income Growth	38.27%	42.29%	153.67%	-48.67%	-26.38%	86.53%
Basic Shares Outstanding	2,441	2,287	1,759	1,720	1,718	1,662
Diluted Shares Outstanding	2,441	2,287	1,759	1,720	1,718	1,662
Shares Change (YoY)	29.13%	29.99%	2.25%	0.16%	3.32%	1.81%
EPS (Basic)	0.18	0.19	0.17	0.07	0.13	0.19
EPS (Diluted)	0.18	0.19	0.17	0.07	0.13	0.19
EPS Growth	7.08%	9.46%	148.09%	-48.75%	-28.75%	83.21%
Dividend Per Share	0.078	0.104	0.095	0.094	0.102	0.099
Dividend Growth	-19.79%	9.84%	0.73%	-8.14%	3.69%	7.43%
Operating Margin	74.26%	75.11%	70.52%	74.84%	78.29%	79.92%
Profit Margin	94.90%	96.93%	96.90%	43.43%	86.05%	116.14%
EBIT	339.13	331.53	218.82	204.27	210.07	215.83
EBIT Margin	74.26%	75.11%	70.52%	74.84%	78.29%	79.92%
Effective Tax Rate	7.02%	8.05%	7.87%	11.30%	11.69%	8.32%

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