Keppel DC REIT (KDC REIT)

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

The Straits Times Index (STI) dipped 0.3% to 2,534.96 as at noon of Oct 26, from 2,543.57 last week.

CGS-CIMB analysts have kept their "hold" rating, while OCBC's research team has recommended "buy" on the REIT with an increased TP

For the nine-month period, the REIT also saw a 16.5% y-o-y growth in DPU of 6.732 cents.

The REIT will take the place of CapitaLand Commercial Trust (CCT) as the latter will be delisted from the STI.

The REIT will take the place of CapitaLand Commercial Trust (CCT) as the latter will be delisted from the STI.

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

Analysts from CGS-CIMB, DBS Group Research, OCBC, and PhillipCapital have raised their target prices on Keppel DC REIT, due to met expectations on its 1H20 results.

Gross revenue for 1H20 rose 29.8% y-o-y to $124.0 million, while distributable income grew 38.0% y-o-y to $75.0 million.

The best performer is Keppel DC REIT, up 16% year-to-date, followed by Mapletree Logistics Trust (MLT) and Ascendas REIT. While Keppel DC REIT is resilient because of its long weighted average lease expiries, and its double and triple net leases to data