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

Keppel DC REIT 3Q24 - Rental Reversions Remain Robust In 3Q24

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



Previous report by Phillip:
2024-07-29 Keppel DC REIT - Stronger-Than-Expected Positive Rent Reversion In 1H24.

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





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