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Keppel DC REIT Unit Price Dropping Like Flies- 43% Decline From S$3 Per Unit To S$1.70 Per Unit.
By Investment Income for Life  •  September 28, 2022
For loyal retail investors of Keppel DC REIT ("KDC") who have been holding on to their purchases between S$2-S$3 per unit, the recent week's bloodbath on SGX have seen the once seemingly invincible data centre focused REIT to plunge to a record 52 weeks low of S$1.70 per unit which represented a 43% plunge in unit price. KDC went through the COVID crisis with stellar unit price performance but nonetheless, it could not escape the tragic fate of relentless borrowing rate hikes by the US Federal Reserve which is causing chaos worldwide and its unit price plummeted to push up the extremely low distribution yield of 4% plus to over 5%. The long WALE of KDC turned into its Achilles heel as it appears that it is unable to revise rental rates fast enough to keep up with the hawkish monetary policy adopted by Jerome Powell. KDC trademark of frequent
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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