- Keppel DC REIT reported a DPU of 2.833 cents for 1Q26 (+13% y-o-y), which is above our expectation.
- NPI grew 19% y-o-y in 1Q26 due to full-quarter contribution from the newly acquired Tokyo Data Centre 3 (completion: 19 Nov 25), and contract renewals and rental escalation. This was partially offset by the divestment Kelsterbach Data Centre in Germany (completion: 24 Mar 25). NPI margin expanded slightly by 0.8ppt y-o-y to 87.0% in 1Q26.
- - Read this at SGinvestors.io -
Clocked strong positive rental reversion.
- Keppel DC REIT achieved strong positive rental reversion of 51% during 1Q26 for the renewal of a small, long dated colocation lease in Singapore.
- - Read this at SGinvestors.io -
Insulated from fluctuations in electricity tariffs.
- 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/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-04-17
Read also UOB's most recent report:
2026-06-30 Keppel DC REIT - Enlargement Of Pipeline; Attractive Yield From Netco Bonds.
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
