- Keppel DC REIT (SGX:AJBU) is a pure play on data centres in Asia Pacific and Europe. It is differentiated by its focus on colocation data centres, which account for about 65% of rental income. Initiate coverage on Keppel DC REIT with BUY and target price of S$2.10.
- - Read this at SGinvestors.io -
Investment Highlights
Colocation data centres provide stronger positive rental reversion.
- - Read this at SGinvestors.io -
- Master leases for its fully fitted and shell & core data centres have built in rental escalations at 2-4% per year.
AI has latent potential to boost demand in the medium term.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-01-12
Read also UOB's most recent report:
2024-07-12 Keppel DC REIT - Making Its Maiden Foray Into Japan.
Previous report by UOB:
2024-06-11 Keppel DC REIT - Silver Lining For Guangdong Data Centres.
Price targets by other brokers at Keppel DC REIT Target Prices.
Listing of research reports at Keppel DC REIT Analyst Reports.
Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividends & Corporate Actions,
Keppel DC REIT News Articles
