Keppel DC REIT 1H25 - UOB Kay Hian 2025-07-28: Stellar Rental Reversion; Growth From Acquisitions & Potential AEI

• 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.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-02-02 Keppel DC REIT - Generating Sustainable Growth In 2026.

Previous report by UOB:
2025-10-27 Keppel DC REIT 9M25 - Margin Expansion From Pivot To Hyperscale Data Centres.

Price targets by 4 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