- 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 the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2024-07-29
Previous report by DBS:
2024-01-29 Keppel DC REIT - Collaboration Instead Of Litigation.
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 Dividends & Corporate Actions,
Keppel DC REIT News Articles
