Keppel DC REIT - Phillip Securities 2025-07-28: Yet Another Quarter Of Exceptional Rental Reversion

• Keppel DC REIT's DPU of 5.133 Singapore cents for 1H25 (+12.8% y-o-y) was in line with our expectations, forming 51% of our FY25e estimates. The y-o-y increase was driven by the acquisitions of KDC SGP 7 & 8 and Tokyo DC 1, stronger contributions from contract renewals and escalations, and lower finance costs due to reduced interest rates and loan repayments.
• - Read this at SGinvestors.io -
• Gearing remains low at 30%, though it is expected to rise to ~35% with the planned debt drawdown to finance the land lease extensions for KDC SGP 7 and 8.
• - Read this at SGinvestors.io -

The Positives

Exceptionally strong positive rental reversions of 51% in 1H25.

• Read more at SGinvestors.io.

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

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