Keppel DC REIT will be included in the benchmark Straits Times Index (STI) from Oct 19, says the REIT’s manager.
The REIT will take the place of CapitaLand Commercial Trust (CCT) as the latter will be delisted from the STI on Oct 16 as it prepares for its merger with CapitaLand Mall Trust (CMT).
Listed in Dec 2014 as Asia’s first pure-play data centre REIT, Keppel DC REIT today has 18 assets in eight countries across Asia Pacific and Europe, with assets under management (AUM) of $2.8 billion.
According to the manager, unitholders who have invested in Keppel DC REIT since its initial public offering would have seen total returns of some 338% as at Oct 15, and approximately 47% year-to-date.
Keppel DC REIT is also a constituent of the FTSE EPRA Nareit Global Developed Index, MSCI Singapore Small Cap Index and the GPR 250 Index Series.
“The inclusion of Keppel DC REIT in the STI marks an important milestone for Keppel DC REIT since its listing on the Singapore Exchange. This is testament to Keppel DC REIT’s growth and will further increase our visibility among global investors, as well as enhance our trading liquidity,” says Chua Hsien Yang, CEO of the Manager.
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As at 10.13am, units in Keppel DC REIT are trading 1 cent lower or 0.3% down at $2.98.
See also: Analysts raise target prices on Keppel DC REIT; maintain 'hold' calls
