- Keppel DC REIT (SGX:AJBU) clocked positive rental reversion at mid-to-high single digits for its colocation data centres, and its portfolio occupancy was maintained at 98.3%. 1Q24 results are largely in line with expectations.
- - Read this at SGinvestors.io -
Keppel DC REIT's 1Q24 results
- Keppel DC REIT reported 1Q24 DPU of 2.192 cents (-13.7% y-o-y), which is in line with our expectations.
- See Keppel DC REIT's announcement dated 19 Apr 2024. Keppel DC REIT generated positive rental reversion for new and renewed leases for its data centres in Singapore, Ireland and the Netherlands in 1Q24.
- - Read this at SGinvestors.io -
- Portfolio occupancy remains high at 98.3%.
- Keppel DC REIT provides stable cash flows due to its long portfolio WALE weighted by area of 7.4 years.
Favourable outcome for dispute with DXC.
- 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/ 2024-04-22
Previous report by UOB:
2024-01-29 Keppel DC REIT - Hope For The Best But Prepared For The Worst.
Price targets by 2 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
