- 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ 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:
2026-04-17 Keppel DC REIT - 1Q26 Boost From Accretive Acquisition In Tokyo.
Previous report by UOB:
2026-04-08 Keppel DC REIT - Anchored By Stability And Resiliency In Singapore.
Price targets by 4 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 Dividend Payout Dates & Corporate Actions,
Keppel DC REIT News
