Keppel DC REIT (KDC REIT)

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%.

SINGAPORE (July 17): The manager of Keppel DC REIT posts a 4.2% increase in distribution per unit (DPU) of 1.74 cents for the second quarter ended June, from DPU of 1.67 cents a year ago.

SINGAPORE (June 6): OCBC is maintaining its “neutral” recommendation on the S-REIT sector as it projects overall DPU growth for the financial year to fall.

SINGAPORE (April 18): OCBC Investment Research is keeping Keppel DC REIT on “buy” with an unchanged fair value estimate of $1.39 following 1Q17 results in line with expectations.

SINGAPORE (April 17): The manager of Keppel DC REIT reported DPU for 1Q17 rose 13.2% to 1.89 cents from 1.67 cents a year ago in 1Q16.

SINGAPORE (April 17): The manager of Keppel DC REIT reported DPU for 1Q17 rose 13.2% to 1.89 cents from 1.67 cents a year ago in 1Q16.

SINGAPORE (April 5): OCBC is maintaining its “buy” on Keppel DC REIT with $1.39 fair value given healthy valuations, a robust industry outlook and strong DPU growth profile in FY17.

SINGAPORE (March 17): As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.

SINGAPORE (March 17): Rising interest rates on the back of US Fed rate hikes should favour banks, property developers, and stocks with yield backed by net cash, says DBS Group Research.