Keppel DC REIT (SGX: AJBU) is Singapore’s first pure Data Centre REIT but not the only one in the market now with the listing of Digital Core REIT. With the feds starting to hike interest rates, REITs are definitely under pressure as the cost of debt will start to rise over time. This will also mean that the cost of acquisition will rise over this period. In this article, let’s take a deep dive into Keppel DC REIT and analyze if it will face some headwinds in 2022 or remain stable and consistent. Portfolio Overview Keppel DC REIT (KDC) has managed to grow its portfolio substantially over the past few years since its IPO. Now with Assets Under Management over S$3.4b, 20 data centres spanning across 9 countries. FY2021 Portfolio Changes Over FY2021, Keppel DC REIT has made various changes to their portfolio. Most notably so would be the various acquisitions, investments as well as divestments...