- Keppel DC REIT's 2H23 results were affected by provisions for arrears from Guangdong data centres of S$10.5m, equivalent to 5.5 months of rental income from DC 1 and DC 2 and coupon income from DC 3. Keppel DC REIT has drawn up a recovery road map and seeks to resolve the arrears amicably.
- - Read this at SGinvestors.io -
- Geographical diversification has cushioned the negative impact from Guangdong data centres. Maintain BUY rating on Keppel DC REIT.
Keppel DC REIT's 2H23 Results
- Keppel DC REIT (SGX:AJBU) reported 2H23 DPU of 4.332 cents (-16.1% y-o-y), which was below our forecast of 4.8 cents. See Keppel DC REIT's dividend dates.
Taking the hit from Guangdong data centres.
- - Read this at SGinvestors.io -
- The decline in Keppel DC REIT's distribution is entirely due to the provisions, which reduced 2H23 DPU by 0.649 cents or 15%.
Resolving the arrears amicably where possible.
- 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/ 2024-01-29
Read also UOB's most recent report:
2024-04-22 Keppel DC REIT - Opportunistic Divestment That Strengthens Balance Sheet .
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
