Keppel DC REIT released their third quarter 2017 results a few days ago. This REIT has been on my radar since it came out because of its interesting play on the data centre sector. Not many Singapore REITs provide such a play until Mapletree Industrial Trust’s recent announcement on the expansion of their investment mandate to include data centres. Over the last 12 months, Keppel DC REIT has acquired four new properties in Singapore, Cardiff, Dublin and Milan. It is expected the distribution per unit growth will continue to be led inorganically by acquisitions given the debt headroom still available to the REIT. Keppel DC REIT’s top line has been growing since third quarter of 2016. The increase in gross rental income was mainly due to the acquisitions of Milan DC (October 2016), Cardiff DC (October 2016), B10 DC (Dublin Septermber 2017) and a 90% interested in Keppel DC Singapore ......