Keppel DC REIT (SGX: AJBU) is Singapore’s first and only
pure Data Centre REIT as well as the most overpriced REIT, with a PB of 2.16x @ $2.61/share. Many investors have avoided the REIT due to its
rich valuations but is this a mistake? Based on the REIT’s track record, it has been consistently improving year over year by double-digit figures and it has not shown any signs of slowing down. Let’s take a deep dive into the 5 important takeaways from Keppel DC REIT 1H 2021 results.
- Consistent Growth In Gross Revenue and NPI
| Year on Year Difference |
1H FY2021 |
1H FY2020 |
| Gross Revenue |
S$135.147 million (+9.0%) |
S$123.95 million |
| Net Property Income (NPI) |
S$123.834 million (+8.4%) |
S$114.217 million |
Jumping right into the results, Keppel DC REIT has posted yet
another strong set of results,...
