Keppel DC REIT (SGX: AJBU) is a data centre-focused real estate investment trust (REIT) that has been listed on the Singapore stock market since December 2014.
At the end of 2020, Keppel DC REIT’s portfolio had 19 data centres located in key data centre hubs such as Singapore, Australia and the United Kingdom.
The REIT just released a healthy set of financial results for the year ended 31 December 2020, continuing on from its past strong financial performance as highlighted in our exclusive 2021 stocks report.
Here are three important charts from the REIT’s latest earnings presentation.
Robust Performance in 2020
This first chart shows Keppel DC REIT’s financial performance for the year.
Source: Keppel DC REIT 2020 earnings presentation
Keppel DC REIT’s gross revenue for 2020 grew 36.3% year-on-year to S$265.6 million while net property income (NPI) increased by 37.7% to S$244.2 million.
The strong performance was on the back of full-year contributions...