Keppel DC REIT is Singapore’s first and only
pure Data Centre REIT as well as the most overpriced REIT, with a PB of 2.5x @ $2.98/share. Over the past week, the FY2020 results of Keppel DC REIT was released and investors are very impressed. Let’s dive right into the FY2020 results of Keppel DC REIT to find out why.
1. Strong Growth In Gross Revenue and NPI
| Year on Year Difference |
FY2020 |
FY2019 |
| Gross Revenue |
S$265.571 million (+36.3%) |
S$194.826 million |
| Net Property Income (NPI) |
S$244.166 million (+37.7%) |
S$177.283 million |
Jumping right into the results, Keppel DC REIT has posted yet another strong set of results, growing its Gross Revenue as well as NPI in the mid-double digits. This growth has been pretty consistent over the past few years and I’m confident that the REIT will continue to perform with similar growth in the future.
With Data Centres being the next big trend, Keppel DC REIT will continue to see a huge demand in its assets, allowing them to not only maintain high occupancy rates
...
