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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