Keppel DC Reit (Keppel DC) has announced their 4^th Quarter FY 2020 financial results. Judging from its result, this stock is not affected by the pandemic in terms of business revenue. OVERVIEW Keppel DC performance has been impressive, from $0.93 at IPO, it has gone up to around $2.9 in 5 years, with 1 rights issue (2016) and 1 preferential offering (2019) to fund its acquisitions (data centres). Some maybe worried when there are rights issue or preferential offerings. But if the management knows what it is doing and it increases the Assets Under Management (AUM) and is Dividend Per Unit (DPU) accreditive, why not. Keppel DC shows the way (see image below). From 8 properties and AUM of $1 billion at IPO, Keppel DC now has 19 properties with AUM of $3 billion. Net leasable area has increased from 597,000 sqft at IPO to 2,089,000 sqft. This excludes a property of 88,000 sq ft that is still under development and will be ready in the 1^st half of 2021....