- Keppel DC REIT clocked positive rental reversion of more than 40% for a major renewal contract in Singapore in 2Q24, a reflection of strong demand and tight vacancy locally. Large colocation leases with longer WALE of 3-4 years led to the astronomical positive rental reversion.
- - Read this at SGinvestors.io -
Singapore is the most power-constrained data centre market in the world
- Singapore is the most power-constrained data centre market in the world with an extremely tight vacancy rate of 1.0%. We attribute the shortage to the government’s strict adherence to climate change commitments and the resultant 3-year moratorium on building of new data centres in 2019-22. The moratorium was only recently lifted with the Infocomm Media Development Authority (IMDA) awarding four data centre operators, namely AirTrunk-ByteDance Consortium, Equinix, GDS and Microsoft, with 80MW in capacity in Jul 23.
- - Read this at SGinvestors.io -
- Rents for retail colocation leases have surged the most due to limited supply.
Focus on high value colocation leases.
- 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/ 2024-09-13
Read also UOB's most recent report:
2024-11-20 Keppel DC REIT - Rebalancing To Benefit From AI Tailwind While Deleveraging.
Previous report by UOB:
2024-10-21 Keppel DC REIT 3Q24 - Positive Momentum To Sustain Into 4Q24 & 2025.
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
