To be sure, the REIT booked a distribution per unit (DPU) of 7.71 cents for FY2019 ended December, a 5.3% jump from FY2018’s DPU of 7.32 cents. This was despite additional unit offerings from the REIT, and was largely in line with the brokerage’s forecasts.
SINGAPORE (Mar 11): KGI Securities has downgraded Keppel DC REIT (KDCREIT) to “neutral” from the previous “outperform” recommendation with an increased target price of $2.19, representing a downside of 7.3% for the stock.
In a Tuesday report, analyst Kenny Tan views KDCREIT as “fully valued” and pales in comparison to “better opportunities” in the current market.
