Keppel DC REIT - UOB Kay Hian 2024-09-13: Positive Momentum To Sustain Into 2H24 & 2025

Keppel DC REIT - Positive Momentum To Sustain Into 2H24 & 2025

Published:
Keppel DC REIT (SGX:AJBU) | SGinvestors.ioKeppel DC REIT (SGX:AJBU)
  • 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 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/.



Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-09-13



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






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