“Our previous forecasts assume that Basis Bay Data Centre would contribute only 2.8% of our overall FY17 NPI projection,” says lead analyst Andy Wong Teck Ching in a Tuesday report.
SINGAPORE (July 18): The downsizing of leased space by Keppel DC REIT’s tenant at Basis Bay Data Centre in Malaysia cuts occupancy at the property to 63.1%, from 100% previously. Meanwhile, portfolio occupancy slipped 2 percentage points q-o-q to 93.1%.
But OCBC Investment Research believes this “disappointing development” would barely put a dent in KDCREIT’s net property income (NPI) and distribution per unit (DPU).
