Keppel DC REIT 3Q24 - Phillip Securities 2024-10-21: Rental Reversions Remain Robust In 3Q24

• Keppel DC REIT's 3Q24 DPU of 2.501 Singapore cents (+0.4% y-o-y) exceeded our expectations, achieving 27% of our FY24e forecast. This was due to the exceptionally strong positive portfolio rental reversions, continuing the trend from 2Q24. A major contract renewal in Singapore secured a positive reversion of over 40%.
• - Read this at SGinvestors.io -

The Positives

Maintained high portfolio occupancy of 97.6% (2Q24: 97.5%) with exceptionally strong positive rental reversions.

• - Read this at SGinvestors.io -

Lower cost of debt, with 3Q24 average cost of debt at 3.3% (2Q24: 3.5%).

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-04-21 Keppel DC REIT - Accretive Acquisitions Power Growth.

Previous report by Phillip:
2025-01-27 Keppel DC REIT FY24 Results & 2025 Outlook - Strong Rental Growth Expected.

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