Keppel DC REIT - DBS Research 2024-07-29: Positive Rental Reversions Flowing Into Earnings

• Keppel DC REIT (SGX:AJBU)’s portfolio of data centres (DCs) in APAC and Europe continues to benefit from the structural tailwinds of the sector. Its reputation and capability to manage DC assets is reflected in its consistently high occupancy rates.

Higher revenues and NPI driven by organic growth.

• - Read this at SGinvestors.io -
• Total DXC settlement sum of ~S$11.2mil will be distributed in two equal tranches in 1H24 and 2H24. Rental arrears from the Guangdong DCs have been net off against the loss allowance under property expenses and other trust expenses.
• - Read this at SGinvestors.io -
• Acquisition of Tokyo DC is also expected to generate a DPU accretion of ~1% on an annual basis.

1H24 DPU of 4.549 cents, slightly above our projections.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-01-27 Keppel DC REIT - Transformational Acquisition Driving Robust Earnings Growth.

Price targets by 3 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