Who owns Keppel DC REIT?
Keppel Corporation Limited
The trust is externally managed by Keppel DC REIT Management Pte. Ltd., and parent company Keppel Corporation Limited owns around a 20% stake in the trust.
What is the dividend for Keppel DC REIT?
KEPPEL DC REIT (AJBU) SGD 1.98 +1.52% +0.03.
What does Keppel DC do?
Keppel DC REIT, the first data centre real estate investment trust listed in Asia, invests in a diversified portfolio of incoming-producing real estate assets used primarily for data centre purposes, as well as real estate and assets that support the digital economy.
Is Keppel DC REIT worth buying?
Clocking Down. Keppel DC REIT’s Q1 performance is in line with the trust’s growth over the past two years. In 2021 Keppel DC REIT grew its net property income by just 1.9 percent compared to the preceding year, after achieving an expansion of 37.7 percent in 2020 and a 12.4 percent upswing in 2019.
Why did Keppel DC REIT drop?
This came on top of revenue that fell 0.9% year-on-year to S$66.1 million and net profit income that dropped 1.4% year-on-year to S$60.1 million. However, this was attributed to provisions made for a client payment that’s under dispute at its KDC Singapore 1 property and higher electricity costs.
How often does Keppel DC pay dividends?
With effect from 2H 2020, Keppel REIT has adopted half-yearly announcement of financial statements and half-yearly distributions. Distributions will be in SGD and are generally paid within 60 days after the end of each distribution period.
What happened to Keppel DC REIT?
Keppel DC REIT’s stock price has dropped by seven percent since Tuesday after the manager of the SGX-listed trust reported declines in both net property income and revenue in the first quarter compared to the initial three months of 2021.
Why are REITs dropping?
Summary. REITs are selling off due to fears of rising interest rates. We are buying the dips because the positive impact of inflation is far superior to the negative impact of rising rates.
Is Keppel REIT a buy?
RHB on Wednesday upgraded Keppel Reit to “buy” from “neutral”, as it remains optimistic on the real estate investment trust’s (Reit) long term fundamentals. It also sees value emerging at present levels – where Keppel Reit is trading at 0.8 times its book value.
How often does Keppel DC REIT pay dividends?
Is Keppel DC REIT a good buy now?
Why Keppel DC REIT drop 2022?