- Keppel DC REIT is expected to maintain positive rental reversion at high single-to low double-digit levels in 2026 due to tight vacancy in Singapore. The reported DPU of 5.133 cents for 1H25 (+12.8% y-o-y), which is in line with our expectation.
- - Read this at SGinvestors.io -
- the acquisition of Tokyo Data Centre 1 (completion: 31 Jul 24); and
- contract renewals and rental escalation in 2024.
- This was partially offset by the divestment of Intellicentre Campus in Sydney, Australia (completion: 24 Jun 24) and Kelsterbach Data Centre in Germany (completion: 24 Mar 25).
Colocation leases in Singapore provided strong rental reversion.
- - Read this at SGinvestors.io -
- Portfolio WALE weighted by rental income expanded by 0.3 years to 4.7 years.
Slight dip in portfolio occupancy.
- Read more at SGinvestors.io.