- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Darren Chan Phillip Securities Research | http://www.poems.com.sg/ 2024-10-21
Read also Phillip's most recent report:
2024-11-25 Keppel DC REIT - Acquisition Of Keppel DC Singapore 7 & 8.
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
