Keppel DC REIT - UOB Kay Hian 2024-04-22: Opportunistic Divestment That Strengthens Balance Sheet 

• 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 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/.

Read also UOB's most recent report:
2025-04-21 Keppel DC REIT 1Q25 - Contributions From SGP7 & SGP8 Kick In.

Previous report by UOB:
2025-03-20 Keppel DC REIT - Sustainable Growth In Singapore; Green Shoots In China..

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 Dividend Payout Dates & Corporate Actions,
Keppel DC REIT News