He illustrated based on his competency how the capital management of REITs could take place to grow with debt and equity. I do agree with his thoughts, and my article on how REITs grow have articulate that view.
In this week’s announcement, we see Keppel DC REIT (dividend yield 5.5%), a diversified data centre specialty REIT showing some evidence of this.
Keppel DC bought the “shell and core building” of a data centre in UK for 34 million pounds. The data centre is in Cardiff, Wales and is on a 15 year triple net lease with rental escalations. The client will bear all operating expenses and capital expenditure of the data centre.
This is Keppel DC’s 4th acquisition since IPO in …Read the full article →