The industrial REIT sector was one of a few areas that were not badly impacted by the pandemic. In 2020, many REITs in this sector saw resilient occupancy and stable, if not growing, rental income. Some, such as Keppel DC REIT (SGX: AJBU), have even thrived amid the crisis. Keppel DC REIT occupies a unique niche within the industrial REIT sector as its portfolio consists of data centres. As of 31 December 2020, the REIT’s portfolio held 19 assets spread across eight countries and was valued at S$3 billion. Recently, Keppel DC REIT released its second-half and full-year 2020 earnings. Here are three key findings that investors should know about this data centre REIT’s earnings report. Improved earnings and DPU The REIT announced strong numbers for its second half, with gross revenue up 42.6% year on year to S$141.6 million. Net property income (NPI) rose 43.1% year on year to reach S$129.9 million....