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Top Stock Highlights of the Week: Keppel DC REIT, CapitaLand Investment Limited, Mercator and Core Inflation
By The Smart Investor  •  June 25, 2022
Welcome to the latest edition of top stock highlights where we look at interesting snippets from the business world. Keppel DC REIT (SGX: AJBU) Keppel DC REIT announced its follow-up data centre acquisitions in China nearly a year after making its first acquisition in the country. In July last year, the data centre REIT purchased a fully-fitted data centre in Guangdong province for around S$132 million. This facility is the first of six data centres to be completed within the Bluesea Intelligence Valley Mega Data Centre Campus, with the REIT having the right-of-first-refusal over the remaining five. Keppel DC REIT is now buying another two data centres for around S$297.1 million that have a gross floor area of around 40,920 square metres. The two centres will be master leased on a triple-net basis for 15 years and will improve the REIT’s portfolio occupancy to 98.9% and its weighted average lease expiry by leased area to 8.8 years....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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