Keppel DC REIT - Phillip Securities 2025-04-21: Accretive Acquisitions Power Growth

• Keppel DC REIT's DPU of 2.503 Singapore cents for 1Q25 (+14.2% y-o-y) was in line, forming 25% of our FY25e estimates. The y-o-y growth in DPU was driven by the acquisitions of KDC SGP 7 & 8 and Tokyo DC 1, as well as lower finance costs from reduced interest rates and loan repayments.
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• The current Keppel DC REIT's share price implies an FY25e DPU yield of 5%.

The Positives

1Q25 portfolio occupancy remained healthy at 96.5% (4Q24: 97.2%).

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Lower finance costs.

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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/.

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