data centres

Mapletree Industrial Trust's pivot to data centres provides upside to its valuation.

Investments will include business parks, logistics and data centres.

This brings DPU for 1HFY2020/2021 to 5.97 cents, 4.2% lower than the DPU of 6.23 cents a year ago.

Among its peers, PhillipCapital analyst Natalie Ong prefers Ascendas REIT instead.

As at 4.52pm, shares in Keppel Corp are trading 15 cents higher, or 3.5% up at $4.45.

While the Covid-19 downturn hit more quickly and with more severity than prior downturns, the impact varies greatly by sector.

In a webinar held by The Edge Singapore and EdgeProp on July 11, Wong Yew Kiang, head of research at CLSA, gave a quick rundown of the Singapore REIT (S-REIT) sector and his view on virus-resistant REITs.

KGI analyst Kenny Tan the data centre theme remains relevant with intact supply chains, and this has in turn provided support to KDCREIT's unit price despite heavy sell-offs in the recent weeks.

Data centre comeback of 2019 Keppel DC REIT was the best performing REIT in Singapore, in both the 2020-year through to Feb 21, and for last year. Note these total returns include price moves and dividend distributions and assumes that the dividends

KDCREIT is likely to continue to see growth on the back of acquisitions. But are current valuations looking steep?