Keppel DC REIT will be added to the Straits Times Index on Monday, 19th October 2020. The REIT was listed in December 2014 as Asia’s first pure-play data centre REIT, with eight assets across six countries and assets under management (AUM) of approximately $1 billion. Today, the REIT’s AUM has grown significantly to approximately $2.8 billion with 18 assets in 8 countries across Asia Pacific and Europe.
The last time I looked at Keppel DC REIT was one year ago whereby I did a quick personal analysis of Keppel DC REIT. Back then, Keppel DC REIT was trading at only S$1.49 whereby I found it to be expensive. As of 16th October 2020, Keppel DC REIT was trading at S$3.04. This is twice as expensive!
Today, is it still worth buying into Keppel DC REIT? Let us take a look at its latest financial results to find out.
Below is the 1H2020 financial results. Gross Revenue and Net Property Income has jumped 29.8%