Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

DBS Group Research analysts Geraldine Wong, Dale Lai, Rachel Tan and Derek Tan believe that most Singapore REITs (S-REITs) are able to keep within a 45% gearing ratio level — a “market comfortable” level which could potentially drive a re-look at credit ratings.In their Nov 3 note, the analyst...

Held on Oct 29, The Edge Singapore’s forum titled Industrial REITs in the New Economy — sponsored by ESR-LOGOS REIT (E-LOG) — may have answered questions about why the two data centre REITs have fallen so much this year. The speakers were Adrian Chui, CEO of ESR-LOGOS REIT’s manager, Tan Tec...

KEPPEL DC Reit’s manager announced in a bourse filing on Tuesday (Nov 1) that it has appointed Yeo Siew Eng as an independent director.

EVEN as accretion from recent acquisitions for pure data centre play Keppel DC Real Estate Investment Trust (Reit) have been eroded by higher operating costs in recent times, the growing demand for data centres is set to push the Reit back onto its path for organic growth.

THE following companies saw new developments that may affect trading of its securities on Thursday (Oct 27):

Keppel DC REIT has reported a distribution per unit (DPU) of 2.585 cents for the 3QFY2022 ended Sept 30, 5.0% higher than the DPU of 2.462 cents in the corresponding period the year before.Distributable income for the quarter increased by 9.0% y-o-y to $46.9 million.The higher DPU and distributable ...

THE manager of data centre-focused Keppel DC Reit on Wednesday (Oct 26) announced a 5 per cent increase in distribution per unit (DPU) to S$0.02585 for the third quarter ended September, from S$0.02462 in the corresponding period a year ago.

Bani Maulana Mulia, CEO of Samudera Shipping, has continued to raise his stake in the company on a regular basis. On Sept 30, Bani acquired 25,800 shares at 81.5 cents each. This brings his total stake to just over 3.5 million shares, equivalent to 0.651% of the company, up from 0.647% previously.Ea...

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

Analysts are remaining positive on ComfortDelGro (CDG)’s prospects even after the transport operator was displaced by Emperador as a constituent on the benchmark Straits Times Index (STI) during the FTSE Russell’s quarterly review on Sept 1.CDG entered into the STI as a constituent over 12 years...

SIN12, one of Digital Realty’s two data centres in Loyang and the newest of Digital Realty’s three data centres locally, is probably one of the safest places in Singapore. During our visit to SIN12, security was tight. In addition to the usual layers of security at the main entrance and the buil...

Analysts from UOB Kay Hian and DBS Group Research have maintained their “buy” calls and target prices on Digital Core REIT (DCREIT) despite forecasting higher borrowing costs for the REIT.UOB KH and DBS’s target prices are maintained at 98 US cents ($1.38), and US$1.15 respectively.Earlier in ...

Keppel DC REIT, which invests in a diversified portfolio of incoming-producing real estate used primarily for data centre purposes, has been expanding its footprint since its listing in 2014.In 1HFY2022 ended June 30, although Keppel DC REIT reported somewhat flattish revenues, rising 0.3% to $91.2 ...

Analysts from CGS-CIMB Research, Citi Research, DBS Group Research and OCBC Investment Research are mixed following Keppel DC REIT’s results for the 1HFY2022 ended June.The REIT reported a distribution per unit (DPU) of 5.049 cents, 2.5% higher y-o-y for the half-year period on July 25.CGS-CIMB an...