Data centres are highly sought after as investments due to their high occupancy rates and ever increasing demand from companies all over the world to store and manage data.
Consequently, data centre REITs have reported resilient results thus far.
REITs that own data centres have a track record of providing strong returns to investors.
An example is Keppel DC REIT (SGX: AJBU).
However, things have taken a turn for the worse this year for REITs as a flurry of worries descends on the sector.
Two major concerns currently weighing on investors’ minds are rising interest rates and soaring inflation.
Against this backdrop of uncertainty and fear, investors should always keep a level head and focus on the stock’s fundamentals.
Keppel DC REIT recently released its earnings report for the quarter ended 30 September 2022 (3Q2022).
Here are five highlights from the REIT’s business update that investors should take note of.
1. A modest financial performance...