I have been asked on various occasions what do I think of Keppel DC REIT and my usual reply was it was still something very new to me. I didn't know what to make of it but just looking at the prospective distribution yield was surely the wrong way to value the REIT although as income investors it would be the first thing that drew our attention. In the latest copy of The EDGE, we would find a well written article on page 27 on Keppel DC REIT. The title is attention grabbing as it included the phrase "solid DPU growth". Read the article carefully and we would learn why data centre REITs are so different from other industrial property REITs. I would draw attention to the following: "For Keppel DC REIT, depreciable infrastructure accounts for approximately 70% of the development cost, with the building shell accounting for the remaining 30%."......