REITs are commonly thought of as reliable income instruments, and for good reason. After all, these securitised bundles of real estate are obliged, by law, to pay out 90% of their earnings as dividends to enjoy tax benefits. But some REITs have turned out to be effective growth vehicles as well, chalking up a mix of capital gains and distributions for the lucky investor. One such REIT is Keppel DC REIT (SGX: AJBU). The REIT, whose sponsor is Keppel T&T, a wholly-owned unit of blue-chip conglomerate Keppel Corporation Limited (SGX: BN4), owns a total of 19 data centres worth S$3.1 billion as of 30 June 2021. Unitholders who invested S$10,000 in the REIT would have seen this more than double in just three short years. How did this happen, and could investors enjoy continued growth from owning this REIT? The best of both worlds Around mid-October of 2018, Keppel DC REIT was trading at around S$1.31....